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In this tutorial from the "I Hate Math" group, the presenter demonstrates how to create an amortization table in Excel. They start with a loan amount of $100,000 and set the loan period to 30 years, which is converted to 360 months. The interest rate is 13%, calculated monthly as 0.13 divided by 12. To compute the monthly payment in Excel, the PMT function is used. The formula requires inputting the monthly interest rate, total periods (360), the present value of the loan (entered as a negative), and future value (set to zero). The tutorial walks through these steps to help users successfully calculate their monthly payments.