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In this video tutorial, John demonstrates how to draw and insert math formulas into Excel. He shows how to access the equation tools in Excel, including the ability to hand draw equations using the ink equation feature. This can be a helpful option for inserting complex formulas quickly and easily. By going to the insert tab and selecting the equation option, users can access a variety of mathematical notations to create their formulas. The ink equation feature provides a more intuitive way to input equations, especially for larger and more intricate formulas.