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In this video tutorial, viewers will learn how to set up business letters in Microsoft Word. The first step involves adjusting the top margin from 1 inch to 2 inches. This can be done by navigating to the page layout, selecting margins, and then choosing custom margins to input the desired measurement. After making this change, the cursor will adjust to reflect the new top margin. Following this, viewers will be instructed to modify the font style, size, and spacing options for the letter. These preliminary adjustments are essential before starting to type the content of the letter.