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In this Microsoft Word tutorial, the presenter demonstrates how to use formulas to perform simple calculations within Word, similar to Excel. The tutorial highlights practical applications, such as adding up invoices or account details using tables. The presenter shows how to calculate totals at the beginning and end of rows, as well as at the bottom of columns. To insert a formula, one can click in the desired cell, navigate to the Layout tab, and select the Formula option. Word automatically suggests summing the numbers to the left of the selected cell, making the process straightforward for users.