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In this Microsoft Word tutorial, the presenter demonstrates how to use formulas for simple calculations within Word, similar to Excel. The tutorial focuses on adding up numbers in tables, such as invoices or accountancy details. The presenter shows how to total columns and rows, indicating totals can be placed at the beginning or end of rows, and at the bottom of columns. To insert a formula, users click on the desired cell, navigate to the "Layout" tab, and select "Formula." Word automatically suggests adding up the numbers to the left, facilitating straightforward calculations directly within the document.