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Default Formulas Stopped Working

I've been working on a new spreadsheet for several weeks. All of the
formulas stopped working in it today. I opened some other Excel files and
they stopped working as well.

If I change a value in a cell that the formula cell should calculate, it
doesn't change. HOWEVER, if I double click on the formula cell, then enter,
it calculates.

Any clue as to what's happening?
 
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