Compact mode
IF vs CHOOSE vs PMT
Table of content
Basic Classification Comparison
Function Category 📊
Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function typesIFCHOOSEPMTOperation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsIFCHOOSEPMT
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionIF- Data AnalystsIF is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
- Administrative StaffIF is designed for Administrative Staff. Excel functions useful for administrative tasks and data management Click to see all.
- Business ManagersIF is designed for Business Managers. Excel functions helpful for business management and decision making Click to see all.
CHOOSE- StudentsCHOOSE is designed for Students. Excel functions helpful for academic work and learning Click to see all.
- AnalystsCHOOSE is designed for Analysts. Excel functions essential for data analysis and reporting Click to see all.
PMT
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionIF- Conditional StatementsIF is known for Conditional Statements.
CHOOSE- Value Selection From ListCHOOSE is known for Value Selection From List.
PMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionIF- Most nested function
CHOOSE- One of the oldest Excel functions
PMT- Most used function in banking industry
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionIF- Making simple decisions complicated
CHOOSE- The function that plays eeny meeny miny moe
PMT- The function that reminds you of your debts
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyIFCHOOSEPMT
Technical Details Comparison
Version Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.For all*- Excel 2019Excel functions that work specifically in Excel 2019 version
- Excel 2016Excel functions that work specifically in Excel 2016 version
- Excel 2013Excel functions that work specifically in Excel 2013 version
IFOperating System 💾
Specifies the operating systems where the function can be used < including Windows< macOS< and web platformsFor all*Required Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyIFCHOOSEPMTRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*IF- BooleanIF accepts Boolean as input types Excel functions that work with true/false logical inputs for decision-making Click to see all.
- TextIF accepts Text as input types Excel functions specialized in text string manipulation and processing Click to see all.
CHOOSE
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionIF- Simple Logic Implementation
- Versatile
- Flexible
- Easy To UnderstandFunctions with clear and intuitive syntax that are simple to learn Click to see all.
CHOOSE- Simple Index-Based SelectionExcel functions using index-based selection provide straightforward data retrieval methods Click to see all.
- Flexible Output Types
PMTCons ❌
Limitations and potential drawbacks of the Excel functionIF- Nested IFs Can Be ComplexFunctions where multiple IF statements become difficult to manage and understand Click to see all.
- Limited Conditions
- Nested IFs Get Complex
CHOOSE- Limited By Fixed Number Of Choices
- Not Dynamic
PMT- Negative Number Output
- Complex Parameters
Ratings Comparison
Alternatives to IF
ROUND
Known for Round Numbers📈 is more versatile than CHOOSE
TRANSPOSE
Known for Converting Row Data To Columns📈 is more versatile than CHOOSE
SUM
Known for Basic Arithmetic Calculations📈 is more versatile than CHOOSE
🛠 is more reliable than CHOOSE
⭐ is rated higher than CHOOSE