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In this tutorial, the process of creating an amortization table in Excel is demonstrated. The example uses a loan amount of $100,000 over 30 years, calculated monthly, resulting in 360 periods. The interest rate is specified at 13% annually, divided by 12 for monthly application. To determine the monthly payment, the PMT function in Excel is utilized. The formula requires the interest rate, the number of periods (360), the present value (amount borrowed), and a future value of zero. The present value is entered as negative to ensure the payment output is positive. The tutorial guides viewers through these steps to successfully create the amortization table.