IEEE is the Institute of Electrical and Electronics Engineers, an international body that, among other things, determines standards for computer software and hardware. Microsoft Excel was designed around the IEEE 754 specification to determine how it stores and calculates floating-point numbers. This may affect the results of some numbers or formulas because of rounding or data truncation. This article discusses how Microsoft Excel stores and calculates floating-point numbers. For more information about this change, read this blog post. Office 365 ProPlus is being renamed to Microsoft 365 Apps for enterprise.
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