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If stage Won, Checkbox "true" (checked)

I thought it would be a simple formula.  But when i go to create a field.  I select formula and then you are required to select what time of field the formula field with by ex.  currency, date, etc.  I want the field to be a Checkbox field.  If someone selects won from the drop down list of stage and i want my custom checkbox formula field called Won to automatically get checked.
how can i do that?
You can use a workflow rule with a field update to do that.