If result is...Then text is the answer

[heater]

I need a formula that will give a text answer. I have the following, but
does not work. =IF(B70=0.01,"of Dev. Cost"),IF(B70=0.05,"of Equity")

[Gary''s Student]

Assuming that B70 can only be 0.01 or 0.05


=IF(B70=0.01,"of Dev. Cost","of Equity")
--
Gary's Student


"heater" wrote:

> I need a formula that will give a text answer. I have the following, but
> does not work. =IF(B70=0.01,"of Dev. Cost"),IF(B70=0.05,"of Equity")

[JE McGimpsey]

One way:

=IF(B70=0.01,"of Dev. Cost,IF(B70=0.05,"of Equity","of something
else")

In article <4C3ACD50-F0C4-4281-944F-0B247A0D374C@microsoft.com>,
heater <heater@discussions.microsoft.com> wrote:

> I need a formula that will give a text answer. I have the following, but
> does not work. =IF(B70=0.01,"of Dev. Cost"),IF(B70=0.05,"of Equity")