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This tutorial explains how to create a formula on your docHub envelope or template. Formulas can be used with text box, drop down, and date signed fields. Text boxes should only contain numbers and dates, and it is important to have data labels for reference when creating the formula. The process involves naming text boxes, completing data labels, putting in the formula field, and clicking setup to access a drop-down menu of fields on the document. Operations can be added between text boxes without needing to use equals sign. Optional decimal places can be specified when setting up the calculation.