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In this tutorial, the presenter explains how to create an amortization table in Excel. Starting with a borrowed amount of $100,000, they outline that the loan will be for 30 years, converted into 360 monthly periods. The interest rate is set at 13%, calculated as 0.13 divided by 12. To determine the monthly payment, the presenter uses Excel's PMT function, inputting the monthly rate, total periods, and present value of the loan. A negative sign is added in front of the present value to ensure the payment is shown as a positive number. The tutorial emphasizes the step-by-step process for setting up the amortization table in Excel.
