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To replace text in a cell using the "REPLACE" function in Excel, start by typing "REPLACE" followed by an opening parenthesis. Enter the cell reference (e.g., C3), then a comma. Next, specify the start number (e.g., character number three), followed by another comma and the number of characters to replace. After that, enter the new text within quotation marks, close with a parenthesis, and hit Enter or Return. You can use the autofill function to apply the formula to other cells. Thank you for watching!