Sum Currency Fields using Workflow Field Update

Trying to have a workflow rule that updates a field "Total Payments" when any of the "Payment" amount fields change.
Created the workflow rule like this:
PRE('<cPayment1_ITAG>')<>[<cPayment1_ITAG>] OR PRE('<cPayment2_ITAG>')<>[<cPayment2_ITAG>] OR PRE('<cPayment3_ITAG>')<>[<cPayment3_ITAG>]
And the Update Field Value rule as follows:
=[<cPayment1_ITAG>]+[<cPayment2_ITAG>]+[<cPayment3_ITAG>]
But it doesn't want to work. Should I use "FieldValue" function for the update rule?
Thanks,
Dan

That worked perfectly, thanks Mani!
I've seen where people have mentioned using the "=" sign or no "=" sign but I'm not sure most people understand the proper use of when to use it versus when not to. Can anyone elaborate on the cases when an equal sign should be used versus when it shouldn't be used?
I personally would like to have a bit more knowledge regarding these types of idiosyncrasies of the syntax.
Dan

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