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Default Is IF the right way to combine these?

Can somebody advise a newbie please?

I've got three IF functions that I am trying to combine:

=IF(B5125000,SUM(B5*0.01),)
=IF(B5250000,SUM(B5*0.05),)
=IF(B5500000,SUM(B5*0.08),)

I keep hitting syntax errors and when I do combine two arguments the formula
doesn't work properly...

 
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