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Default Calculation mode retention

TIA for your time
Can anyone advise me on the logic of the calculation mode and it's
association with saved files and open files. For example, if I save a
workbook with calculation set to manual and the close it and open a new file
the calculation mode will revert to automatic. If I re-open the first file
the mode will restore to manual (for both files). I'm not sure what happens
with a seperate instanation of excel? There are many variations... Anywhere I
can read up on this?
--
David
 
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