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Default Formula for each # of dollar amount due + how many digits

I need some help creating a function or formula in Excel for the following:

€¢ Example: payment amount is $2,589.32
Run a tape: 2+5+8+9+3+2 + 6 (how many numbers you have in $ amt) =
35 --- 35 is your verification code.

Is there a formula or function in excel, so that this will automatically
populate once we enter a payment amount in a different cell.

Thanks

 
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