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In this Microsoft Word tutorial, the presenter demonstrates how to use formulas for simple calculations within Word, similar to those in Excel. The focus is on adding up numbers in invoices or tables. Key features include calculating totals at the beginning and end of rows, as well as at the bottom of columns. To perform a calculation, the user clicks on a target cell, navigates to the layout menu, and selects the formula option. Word automatically suggests adding the values from adjacent cells, making it easy to sum columns and rows for accountancy tasks. The video highlights the simplicity and effectiveness of using formulas in Word for basic calculations.