IF THEN Divide Assistance Needed

BelyndaP ✭✭
edited 10/27/21 in Smartsheet Basics

I am trying to reference one column and if the column meets criteria, to pull number from another column and divide by 12 in a third column.. Let me know what I may be doing wrong here... Thanks

=(IF([Contract Type]@row = "One Year", [Contract Amount]@row / $[Contract Amount]$12))

Once this is figured out, I want to add an = "Two Year" and = "Three Year" to the formula as well. Any assistance will be greatly appreciated.

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