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How do I (in excel) create a template that updates formulas in the other sheets?

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How do I (in excel) create a template that updates formulas in the other sheets?

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To create a template in Excel, you click round office button, save as, select the “other formats” link, then in the ‘save as type’ box you click the down arrow and select the template. Then when you need to open it later for use, you click the round office button, select new, select ‘my templates’, and then select your template that you need from your list.

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