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daddylonglegs
 
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Default Date (hours and still counting)


The formula

=NETWORKDAYS(DATE(2005,7,1),MIN(TODAY(),DATE(2006, 6,24)))*8

will give you the working hours elapsed (including today). If you want
to add holidays you can add a range of dates as the 3rd argument of
NETWORKDAYS

note: NETWORKDAYS is part of the Analysis ToolPak add-in


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