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Excel "Index" Function with reference

By PAM77 ·
Help! I have created an index function with reference. In the functions arguments box, the correct result is being displayes in the formula result section.

However, in the cell, a competely different value is being displayed.

I cannot understand why the answer is correct in the function arguments box but not in the cell that the function is returned to.

Can anybody shed any light??

Thank you

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