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To calculate invoice due dates or expected delivery times while excluding weekends and holidays, you can use the WORKDAY function in Excel. This function allows you to add or subtract working days from a given date, skipping over weekends by default. You can also exclude holidays by providing a range of cells containing the holiday dates. The syntax includes the start date, the number of working days to add or subtract, and an optional list of holiday dates to skip. Positive days yield a future date, while negative days yield a past date.