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In this tutorial, the speaker demonstrates how to create an amortization table in Excel. They start with a borrowed amount of $100,000, to be repaid over 30 years, which equals 360 monthly periods. The interest rate applied is 13% annually, converted to a monthly rate by dividing 0.13 by 12. The payment is calculated using the PMT function in Excel, where the rate is the monthly interest, the period is 360, and the present value is -100,000 (the negative sign is necessary for payment calculation). The formula concludes with a future value of zero. This step sets the stage for generating the amortization schedule.
