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To combine first and last names in a single cell with the first initial, a dot, and a space using Excel, you can use the CONCATENATE and LEFT functions. Begin by typing =CONCATENATE, then use LEFT to extract the first letter of the first name. Add a comma, a double quote with a dot and a space, and another comma. Finally, select the cell with the last name. This process will merge the first initial, a dot, and a space with the last name in a new cell.