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In this tutorial, the presenter demonstrates how to create an amortization table in Excel. Starting with a loan amount of $100,000, the presenter sets the loan term to 30 years, calculated as 360 monthly periods. The interest rate is set at 13%, divided by 12 for monthly calculations. To compute monthly payments, the presenter uses the PMT function in Excel, inputting the interest rate, total periods (360), and the present value of the loan (with a negative sign to ensure a positive payment value). The future value is set to zero, and the parentheses are closed to finalize the function, resulting in the monthly payment amount.
