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This video tutorial demonstrates how to calculate age in Excel using the datedif function. By inputting the date of birth and the current date, you can determine the age in years, months, and days. The datedif function, a legacy feature in Excel, requires three arguments: the start date, end date, and a string indicating the desired output (years, months, or days). Despite not showing up in Excel's function list, datedif remains a useful tool for age calculations.