Yes, you read that correctly! You can use formulas in Microsoft Word.
The key to all of this is to start off with a table. If you’re not certain how to create a table in Microsoft Word, please check out my previous post Creating a Simple Table in Word.
When you’ve got a table in Word that includes columns of numbers, you can add formulas that will remind you a lot of Microsoft Excel functions by using the Table Tools Layout tab > Data group > Formulas button. Check out the video for a demonstration of this amazingly simple technique.