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Default If then formula

I want to write a formula to do the following:

If column w= 1 and column t-u <0 and column t-u <= 50 and column t-u +
-100 then return the word "immaterial" in column v else if column w=1 and
column t-u = 0 then return "pb" in column v else leave column v blank
--
Libby
 
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