Can't Get Formula To Work When Put Inside A Loop

Apr 14, 2014

LastRow = Worksheets("Sheet1").Cells(Rows.Count, "K").End(xlUp).Row
For i = 2 To LastRow
Worksheets("Sheet1").Formula = "=IFERROR(+IF(+K2=0,0,+R2/(+IF(+K2>L2,K2,L2)*$AE$1/365)/P2),0)"
If (Worksheets("Sheet1").Range("AE" & i).Value < 1.5) And _
((Worksheets("Sheet1").Range("K" & i).Value > 0) Or (Worksheets("Sheet1").Range("L" & i).Value > 0)) Then
Worksheets("Sheet1").Range("AE" & i).Font.Color = 255
End If
Next i

My loop here works just fine, and my Formula works in testing. However when I move my formula inside the loop I get an error.

Is the syntax wrong in this line = Worksheets("Sheet1").Formula = "=IFERROR(+IF(+K2=0,0,+R2/(+IF(+K2>L2,K2,L2)*$AE$1/365)/P2),0)"

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