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You can certainly nest interacts so that the first input modifies the second:

@interact
def _(P=input_box(20, width=6, label="power(dBm)")):
    @interact
    def _(V=input_box(P+107, width=6, label="voltage(dBuV)")):
        show('P=',P)
        show('V=',V)

Example output here. I don't think the vice versa part is currently possible.