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I have a category which contains items with the original cost, purchase date and an annual rate of price change. I would like to create a calculation field which provides an approximate current value for the item. This would be great as it could be used to sum the current replacement value of the items for insurance purposes.
Purchase Date: 1-Sep-05 Cost: 1,300.00 Index: 3% p.a. (0.03)
I would like to be able to calculate: Current Insured Value: (((Now - Purchase Date) / (Factor to get years old) * (Index)) + 1) * Cost
Currently you cannot add Date fields as attributes to a calculation if you want the result as a decimal / integer. Could this be added, or is there another way of doing this? It would be great for MyStuff2 to be able to capture and record the current insured value of items.
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