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Formula fields or similar to populate fields throughout the CRM

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I'm new to Dynamics CRM but not to CRM.  Im trying to understand,

  • I have a field on the contact record that also appears as fields in several other entities. How do i auto populate this data value over
  • I have fields that dependent on values in other fields i need to calculate number of days
  • I have fields that need to populate date another field status was updated

I know this is probably very simple. I've been a dev and solution analyst for another CRM and having difficulty applying my needs to this CRM

Any assistance is appreciated


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