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How do I insert Excel-like formulas in Word?

Everyone knows that you can use formulas in Excel, but it’s not so well known that you can do the same in Word. Although complex functions aren’t available, basic formulas to perform mathematical operations can be used in Word to calculate using the value of table cells. Here’s some examples of ones that might be useful…
Read Danielle O'Connell's answer to In Microsoft Word, how do you insert Excel-like formulas? on Quora

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