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Display picture if checkbox is checked

I am trying to finish the formula to display picture (.jpg) if check box is checked.  I am not having much luck with this I tried using IF but I am missing something.
Any ideas, I am able to get the display image piece.
I was able to get it resolved...in case anyone wants this for future use:
Display an image when checkbox is checked:
IF( Key_Account__c = TRUE,
IMAGE("/servlet/servlet.FileDownload?file=01530000000ZImr", "Key", 45, 45), " ")
Try it with out the  = TRUE
The IF assumes the first component is the TRUE part, the second the FALSE part.
Yeah! Thanks so much for posting! This is exactly what I was looking for! :smileyvery-happy: