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In this tutorial, we learn how to perform currency calculations using Excel. To calculate the yearly mortgage payment of $233 per week, we multiply the weekly payment by 52 weeks to get a total of $12,116. Formatting cells as currency is important for accurate results. Similarly, for a $350 monthly car payment, we convert it to an annual payment by multiplying by 12 months. Currency formatting helps in presenting final answers in the desired monetary format.
