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First, I suggest you also create your JotForm account (for FREE!) if you haven't done so yet.
You can use this shortcut URL http://www.jotform.com/signup to immediately create your account.
As to your question, the answer is Yes. Submission data can be downloaded to Excel file.
Check this user guide How to Download Form Submissions to Excel.
Hope this help. Inform us f you need further assistance.