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In this Microsoft Word tutorial, the presenter explains how to use formulas for simple calculations within Word, similar to Excel. This is particularly useful for tasks like adding up values in invoices or tables. The tutorial demonstrates how to insert totals at various positions in a document—beginning of a row, end of a row, and bottom of columns. To perform these calculations, the user selects a cell, navigates to the Layout tab, and selects the Formula option. A dialog box appears, with Word suggesting the summation of values to the left of the selected cell. This allows for efficient calculations without leaving the Word document.