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Default turn letters into numbers

Set up a table with numbers reading like this:
1.2K 1.5M 1.8B

How can I get Excel to replace the K (or M or B) with K equaling thousand (M
equaling million and B equaling billion) to times the number it is using.

in other words, trying to convert 1.2K in the cell say 1,200. Is this
possible? And do I make sense? Thanks for your help ahead of time.
 
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