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Update Currency Field using calculated field based on date

Question asked by Jonathan Christian on Jul 26, 2016

I currently utilize sugar for property management  and lease contracts. These contracts increase yearly by a percentage, and I'd like to have this done automatically. Attached is the fields in question, "Unit rent" is the monthly figure that should be updated based on percentage in "annual increase" to be executed on a specific date in a field which would then increase by a year.


Is this possible?