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This tutorial video from Howard Community College demonstrates how to construct an amortization schedule for a $15,000 loan at a 4.5% interest rate, compounded monthly, with a repayment period of 3 years. To create the amortization table, two key steps are outlined. First, the present value formula is used to determine the monthly payment, which is calculated to be $446.20. Second, the annual interest rate is converted to a decimal (0.045) and divided by the number of compounding periods per year (12) to find the interest rate for each payment period. This groundwork is essential before filling in the amortization table.