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There are times that you want to read in Microsoft Excel files that have been password protected without going through too many extra hoops. Out-of-the-box the INPUTTool will not do this - 2019.2 included. But you are in luck there are numerous R & Python packages that can handle this request. Here is one example leveraging the R Tool.
Workflow to read in a password protected Excel file.
Attached below is the workflow, but if you just want the R code then here you go. (notice that library that needs to be installed)