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Default How do I re-calculalate the values for all cells in a column

I'm a newbie to Excel worksheets however, I'm very familiar with Access.
However, I need to change data in an Excel worksheet and I'm clueless where
to start. For Example, I need to change the value of all cells in colum 3,
for all rows with data by -5, what would the formula be and where do I attach
it so that it recalulates the values in the cells. There are a little over
2000 rows so I want to do a global change.

Thanks
 
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