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Formula Fields - How long does it take to update old records.

Does it take a while for formula fields to update?  I have a formulat that displays the amount of business days there are between a start and end date.  A month later, I altered the formula, so now, when I create new records, it's correct, but I can't update the old records to be correct.  Do these records just take time to update? Thanks

Shashikant SharmaShashikant Sharma

No formula gets evaluated when you try to view that record or a SOQL queries that field. So when you change the formula and if you will open any existing record they will come as per new formula.