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In this Microsoft Word tutorial, the instructor demonstrates how to use formulas in Word for simple calculations. Examples include adding up invoices, tables, and financial data. The tutorial shows how to add up columns, rows, and other sums, with totals displayed at the beginning, end, and bottom of the columns. The process involves clicking on a cell, going to the layout tab, and selecting the formula option to automatically calculate the sum of numbers to the left of the selected cell.