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Calculate Revenue using 3 fields (including a picklist)?

I am not sure this is possible. On my Accounts Tab I would like a field for Estimated Revenue. It would be calculated using 3 different fields:

 

Number of Units (number input manually) x Unit Rate (number input manually) x Contract Length (number of months selected from a picklist - choices are: 36, 48, 60, 72)

 

Is there a formula that can be created using these 3 fields with one of them being a picklist? Any help with this is appreciated. Thank you in advance.

Best Answer chosen by Admin (Salesforce Developers) 
Pradeep_NavatarPradeep_Navatar

Use the following formula :

 

Number_of_Units__c * Unit_Rate__c * VALUE(Text(Contract_Length__c))

 

where Number_of_Units__c and Unit_Rate__c are number fields and Contract_Length__c  is a picklist.

 

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