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In the tutorial, the presenter explains how to create an amortization table in Excel. The example uses a loan amount of $100,000, with a 30-year term converted to monthly payments (360 periods). The interest rate is set at 13%, calculated monthly as 0.13 divided by 12. To compute the monthly payment, the tutorial utilizes the PMT function in Excel, where the user inputs the rate, the number of periods, and the present value (loan amount) as a negative number to avoid a negative payment value. The future value argument is set to zero, concluding the payment calculation.
