I'm creating an expense form which asked for costs but in either monthly or yearly amounts. I was thinking I would first create a currency field to ask for the amount. Then add a Choice Box with two options "Monthly" or "Yearly" to designate what that amount is. I will have a list of these expenses such as utilities, insurance, etc.
So at the end of the form, I want to be able to calculate their total expenses. But how do I calculate if an amount is a monthly or yearly value? If it's monthly, then multiply by 12, or yearly, divide by 12. That way I can provide total expenses in monthly and yearly numbers.
Best Answer
I am a developer for Cognito Forms.
Assume you have a Currency field called
Utilitiesand a Choice field calledTimeframe, with the optionsMonthlyandYearly. Your calculations would then be:Monthly Amount
Yearly Amount
And of course you can just keep adding on additional items to the calculation for each type of cost.