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In this tutorial, the speaker demonstrates how to create an amortization table in Excel step by step. They start with the amount borrowed, which is $100,000, with 360 periods over 30 years (monthly). The interest rate is calculated as 13% divided by 12. The payment is then calculated using the PMT function in Excel, inputting the rate, period, present value, future value, and closing parentheses to obtain the payment amount.