Compact mode

PMT vs AVERAGEIF vs WORKDAY

Table of content

Basic Classification Comparison
Usage Context Comparison
Basic Information Comparison
History Comparison
Facts Comparison

Usage Information Comparison
Technical Details Comparison
Evaluation Comparison
Ratings Comparison

Basic Classification Comparison

Function Category 📊

Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function types

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis Click to see all.

AVERAGEIF

Statistical

AVERAGEIF belongs to the Statistical category. Excel functions for statistical analysis and calculations Click to see all.

WORKDAY

Date & Time

WORKDAY belongs to the Date & Time category. Excel functions for working with dates and time calculations Click to see all.
Operation Type 🔧

Fundamental type of operation or action that the Excel function performs on its inputs

For all*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

PMT

Calculate Loan Payments

PMT is known for Calculate Loan Payments.

AVERAGEIF

Conditional Average Calculations

AVERAGEIF is known for Conditional Average Calculations.

WORKDAY

Business Day Calculations

WORKDAY is known for Business Day Calculations.

History Comparison

Creation Date 📅

Original release date of the Excel function

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version Click to see all.

AVERAGEIF

Excel 2007

AVERAGEIF was created in Excel 2007. Functions first introduced in Excel 2007 release Click to see all.

WORKDAY

Excel 2000

WORKDAY was created in Excel 2000. Functions first released with Excel 2000 version Click to see all.
Created By 👤

Organization or team responsible for developing the function

For all*

Microsoft Excel Team

Functions officially created by the Microsoft Excel development team

Facts Comparison

Interesting Fact 💡

Unique or lesser-known information about the Excel function

PMT

Most used function in banking industry

AVERAGEIF

Used over 1 billion times monthly

WORKDAY

Essential for Project Planning
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

PMT

The function that reminds you of your debts

AVERAGEIF

Makes statisticians feel superior with basic math

WORKDAY

Makes Vacation Planning Complicated

Usage Information Comparison

Formula Complexity Level 📖

Indicates the difficulty level and complexity of using the Excel function effectively

PMT

Intermediate

PMT has a Intermediate complexity level. Excel functions with moderate complexity for various tasks Click to see all.

AVERAGEIF

Simple

AVERAGEIF has a Simple complexity level. Basic Excel functions for common calculations and tasks Click to see all.

WORKDAY

Intermediate

WORKDAY has a Intermediate complexity level. Excel functions with moderate complexity for various tasks Click to see all.

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

PMT

Number

PMT accepts Number as input data. Excel functions specifically designed for numerical calculations Click to see all.

AVERAGEIF

Number

AVERAGEIF accepts Number as input data. Excel functions specifically designed for numerical calculations Click to see all.

WORKDAY

Date

WORKDAY accepts Date as input data. Excel functions for working with dates and time values Click to see all.
Version Compatibility 💻

Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.

For all*

Excel 2019

Excel functions that work specifically in Excel 2019 version
Excel 2016

Excel functions that work specifically in Excel 2016 version

PMT

Excel 2013

PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version Click to see all.

AVERAGEIF

Excel 2013

AVERAGEIF is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version Click to see all.
Operating System 💾

Specifies the operating systems where the function can be used < including Windows< macOS< and web platforms

For all*

Windows

Excel functions optimized for Windows operating system
MacOS

Excel functions optimized for MacOS users

PMT

Web Excel

PMT runs on Web Excel Excel functions available in web-based versions Click to see all.

AVERAGEIF

Web Excel

AVERAGEIF runs on Web Excel Excel functions available in web-based versions Click to see all.
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

PMT

3

PMT needs 3 required arguments Click to see all.

AVERAGEIF

2

AVERAGEIF needs 2 required arguments Click to see all.

WORKDAY

2

WORKDAY needs 2 required arguments Click to see all.
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

For all*

Number

Excel functions that perform calculations specifically with numerical inputs
Number

Excel functions that perform calculations specifically with numerical inputs
Number

Excel functions that perform calculations specifically with numerical inputs

AVERAGEIF

Range

AVERAGEIF accepts Range as input types Excel functions that operate on cell ranges for calculations Click to see all.

WORKDAY

Date

WORKDAY accepts Date as input types Excel functions specialized in processing date and time calculations Click to see all.

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

PMT

Accurate Calculations

Industry Standard

Excel functions recognized as industry standards ensure widespread compatibility and reliability Click to see all.

Reliable

AVERAGEIF

Easy To Understand

Functions with clear and intuitive syntax that are simple to learn Click to see all.

Handles Basic Conditional Averaging

WORKDAY

Holiday Consideration

Business Calendar Support
Cons ❌

Limitations and potential drawbacks of the Excel function

PMT

Negative Number Output

Complex Parameters

AVERAGEIF

Limited Condition Options

Single Criteria Only

WORKDAY

Weekend Definition Limited

Regional Constraints

Functions affected by regional settings and formats Click to see all.

Ratings Comparison

Ease of Use Score 📊

User-rated score for function's ease of use

PMT

8

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.

AVERAGEIF

8.5

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.

WORKDAY

8

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.
Versatility Score 📈

Rating for function's adaptability to different scenarios

PMT

7.5

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.

AVERAGEIF

7

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.

WORKDAY

8

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.
Performance Score ⚙

Rating for function's execution speed and efficiency

PMT

9.5

Rating for function's execution speed and efficiency (25%) Functions with higher performance scores execute faster and use system resources more efficiently. Click to see all.

AVERAGEIF

9

Rating for function's execution speed and efficiency (25%) Functions with higher performance scores execute faster and use system resources more efficiently. Click to see all.

WORKDAY

9

Rating for function's execution speed and efficiency (25%) Functions with higher performance scores execute faster and use system resources more efficiently. Click to see all.
Reliability Score 🛠

Rating for function's consistency and error handling

PMT

9.5

Rating for function's consistency and error handling (25%) Functions with higher reliability scores produce more consistent results and handle edge cases better. Click to see all.

AVERAGEIF

9.5

Rating for function's consistency and error handling (25%) Functions with higher reliability scores produce more consistent results and handle edge cases better. Click to see all.

WORKDAY

9

Rating for function's consistency and error handling (25%) Functions with higher reliability scores produce more consistent results and handle edge cases better. Click to see all.
Score ⭐

Overall rating combining all scoring attributes

PMT

8.6

The overall score for PMT is 8.6. Click to see all.

AVERAGEIF

8.5

The overall score for AVERAGEIF is 8.5. Click to see all.

WORKDAY

8.5

The overall score for WORKDAY is 8.5. Click to see all.

Alternatives to PMT

Known for Text Search And Position Finding

Known for Finding Nth Smallest Value

Known for Counting Numeric Cells

📊 is easier to use than AVERAGEIF

📈 is more versatile than AVERAGEIF

⭐ is rated higher than AVERAGEIF

Known for Finding Nth Largest Value

Known for Multiple Criteria Counting

📈 is more versatile than AVERAGEIF

⭐ is rated higher than AVERAGEIF

Known for Basic Arithmetic Calculations

📊 is easier to use than AVERAGEIF

📈 is more versatile than AVERAGEIF

🛠 is more reliable than AVERAGEIF

⭐ is rated higher than AVERAGEIF

Known for Lower Rounding

Known for Counting With Conditions

📈 is more versatile than AVERAGEIF

Known for Upper Rounding

Known for Basic Statistical Calculation

📊 is easier to use than AVERAGEIF

📈 is more versatile than AVERAGEIF

⚙ performs better than AVERAGEIF

⭐ is rated higher than AVERAGEIF