MS Excel
When you insert an excel file into a word document. The data are

Use the word menu bar and toolbars
Embedded
Hyperlinked placed in a word table
Linked

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MS Excel
Rounding errors can occur

When you use multiplication, division, or exponentiation in a formula
When you show the results of formulas with different decimal places that the calculated results
When you use addition and subtraction in a formula
Because excel uses hidden decimal places in computation

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