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Default worksheet functions change to values? Formula are text?

When I insert a function (Concatenate) into a cell I get the value I want
but the function goes away and all I have is the value. (ie won't udate)

Also when I type a simple formula like =$e$25 that is exactly what is
displayed in the cell.

Can anyone tell me what is going on?

thanks
Christy ;)
 
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