Excel - Nested If

Please offer why the following is not working:

=IF(I2<2000,"$2000",IF(2000<=I2<=6000,I2,IF(I2>6000,"$6000")))

Basically, if the amount is below 2000, the resulting output is 2000.

If the value is >= 2000 and <= 6000, the value is from cell I2

If the value is greater than 6000, the resulting output will be 6000.

Thank you.
exp vgAsked:
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aboo_sCommented:
try this:
=IF(I2<2000,"$2000",IF(I2>6000,"$6000",I2))
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exp vgAuthor Commented:
Thank you.
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Saqib Husain, SyedEngineerCommented:
Although the question is closed a simpler approach could be

=max(min(i2,"$6000"),"$2000")
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exp vgAuthor Commented:
Thank you Saqib
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Microsoft Excel

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