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In this tutorial, we will learn to create a payment table in Excel. Start by entering headers in cell A7: "Payment Number," "Total Payment," "Interest for Payment," "Principal per Payment," and "Balance After Payment." Input the original loan amount in cell E8, followed by setting up the payment table from cell A9 onward for 360 payments. Use the fill feature by highlighting cells A1 through A5. When the cursor turns into a black cross, drag it down to fill in all 360 payment entries. This efficient method simplifies the process of creating extended payment lists in Excel.