What’s the symbol that you can type in a cell so you can input a text, but that text would not appear in the spreadsheet? I want to describe the formula without using a text box, which uses more space.

The equivalent of this is in SQL, you can use the apostrophe in the beginning of and end of a text. That text will not affect the function of the query, but that text can be seen if you proofread the query.

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In Excel’s Data Validation function you can add an Input Mesage that will appear whenever someone clicks on a specific cell.

Another is to add a Comment which will popup when you click on the cell or can be made to always be displayed.

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