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Using Formulas

Without formulas, Excel would be little more than a simple row- and column-based word processor. When you use formulas, however, Excel becomes an extremely powerful time-saving planning, budgeting, and general-purpose financial tool.

On a calculator, you typically type a formula and then press the equal sign to see the result. In contrast, all Excel formulas begin with an equal sign. For example, the following is a formula:


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