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To combine first and last names in Excel, use the concatenate and left functions. Start with =CONCATENATE, then use the LEFT function to extract the first initial of the first name. Specify the text to extract from, such as the first name cell, and indicate to only extract the first letter by inputting 1. Add a comma, followed by a dot and space. This will combine the first initial, dot, and space with the last name for each entry in your dataset.