Assistance with IF Statement with nested equation

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Occasional Visitor

I need assistance with an IF Statement with a nested equation to calculate a fee. Please see below.

 

=IF(H8=TRUE,"$14,210+(H1-25)*38)",0)

 

I'm trying to calculate if the particular cell is = TRUE, the fee calculated would be $14,210 + (Specific Named Cell - 25) x $38).  If the particular cell = FALSE, the fee is $0.

1 Reply
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@EricaM720 

Remove the quote signs and the $ sign.