MS Excel
When you want to insert a blank embedded excel object in a word document you can

Click the object command on the insert menu
Click the office links button on the standard toolbar
Click the import excel command on the file menu
Click the create worksheet button on the formatting toolbar

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MS Excel
To create a formula, you first:

Choose the new command from the file menu
Type the equals sign (=) to tell Excel that you’re about to enter a formula
Select the cell you want to place the formula into
Enter the formula using any input values and the appropriate mathematical operators that make up your formula

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