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In this Microsoft Word tutorial, the instructor demonstrates how to use formulas for basic calculations within Word, often similar to Excel functions. They focus on performing simple operations like adding up rows and columns, useful for invoices and accountancy tasks. The tutorial showcases how to display totals at the beginning and end of rows, as well as at the bottom of columns. The instructor begins by selecting a cell, navigating to the layout options, and accessing the formula dialogue box, which automatically suggests adding the numbers to the left of the selected cell. This process allows users to efficiently calculate and summarize data in Word documents.