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In this Microsoft Word tutorial, the presenter explains how to use formulas for simple calculations within Word, similar to those in Excel. The focus is on adding up rows and columns, particularly for invoices or accountancy details. The tutorial demonstrates the process of calculating totals at the beginning and end of rows, as well as at the bottom of columns. To initiate a calculation, the user clicks into a cell, navigates to the Layout tab, and selects "Formula," where a dialog box appears. Word suggests adding the numbers to the left of the selected cell, streamlining the process of performing these basic calculations.