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Default Does installing Service Packs help with Excel performace?

Does installing the Microsoft Service pack 1,2 and/or 3 decrease the amount
of time a spreadsheet takes to open, calculate or update the links?

Also, do I need to install all 3 service packs seperately, or does
installing Service Pack 3 cover all updates for 1 and 2?

Thanks
Beeatrice
 
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