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This tutorial demonstrates how to create formulas in docHub envelopes or templates using text boxes, drop down menus, and date signed fields. Text boxes can only contain numbers and dates, so it's important to label your data for easy reference. By naming text boxes and completing data labels, you can input formulas and set them up by selecting fields from a drop down menu. Operations like adding text box values can be done without manually inputting symbols like equals signs. Decimal places can also be specified in the formula setup.