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Calculating based on field values

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Calculating based on field values
I am trying to calculate the value of a new field based on the values in other numer fields, as in [field a] + [field b] * [field c] = [field d]. I suppose I could do this in JavaScript, but was wondering aloud if anybody has tackled this problem before. A good application of this would be to calculate the fully-loaded cost of a job or project.