Compact mode

PMT vs DOLLAR

Known for Calculate Loan Payments

VS

Known for Currency Formatting

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.

DOLLAR

Text

DOLLAR belongs to the Text category. Excel functions for manipulating and analyzing text data Click to see all.
Operation Type 🔧

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

PMT

Calculation

PMT performs Calculation operations. Excel functions for performing various calculations Click to see all.

DOLLAR

Conversion

DOLLAR performs Conversion operations. Excel functions for converting between different data types Click to see all.

Usage Context Comparison

For whom 👥

Target user groups who would benefit most from using this Excel function

Both*

Financial Professionals

Excel functions essential for financial analysis and planning
Accountants

Excel functions commonly used by accountants for financial tracking and reporting
Purpose 📝

Primary purposes and use cases of the Excel function

Both*

Financial Calculations

Excel functions designed for financial analysis and monetary calculations

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.

DOLLAR

Currency Formatting

DOLLAR is known for Currency Formatting.

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.

DOLLAR

Excel 2.0

DOLLAR was created in Excel 2.0. Functions introduced in the Excel 2.0 version release Click to see all.
Created By 👤

Organization or team responsible for developing the function

Both*

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

DOLLAR

One of Excel's original financial functions
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

PMT

The function that reminds you of your debts

DOLLAR

Makes your numbers look rich and important

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.

DOLLAR

Simple

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

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

Both*

Number

Excel functions specifically designed for numerical calculations
Version Compatibility 💻

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

Both*

Excel 2019

Excel functions that work specifically in Excel 2019 version
Excel 2016

Excel functions that work specifically in Excel 2016 version
Excel 2013

Excel functions that work specifically in Excel 2013 version
Operating System 💾

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

Both*

Windows

Excel functions optimized for Windows operating system
MacOS

Excel functions optimized for MacOS users
Web Excel

Excel functions available in web-based versions
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.

DOLLAR

1

DOLLAR needs 1 required arguments Click to see all.
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

Both*

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

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

DOLLAR

Easy Formatting

Functions that simplify the process of formatting cells and data Click to see all.

Professional Output

Consistent
Cons ❌

Limitations and potential drawbacks of the Excel function

PMT

Negative Number Output

Complex Parameters

DOLLAR

Limited Currency Options

Fixed Format

Functions only work with specific predefined formats, limiting flexibility 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.

DOLLAR

9

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.

DOLLAR

6

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.

DOLLAR

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.

DOLLAR

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.

DOLLAR

8.3

The overall score for DOLLAR is 8.3. Click to see all.

Alternatives to PMT

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Known for Finding Most Frequent Value

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Known for Round Numbers

🔢 needs fewer arguments than DOLLAR

📊 is easier to use than DOLLAR

📈 is more versatile than DOLLAR

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Known for Multiplying Numbers Together

📈 is more versatile than DOLLAR

🛠 is more reliable than DOLLAR

⭐ is rated higher than DOLLAR

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Known for Basic Arithmetic Calculations

📊 is easier to use than DOLLAR

📈 is more versatile than DOLLAR

🛠 is more reliable than DOLLAR

⭐ is rated higher than DOLLAR

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Known for Removing Non-Printable Characters

🛠 is more reliable than DOLLAR

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Known for Day Of Week Determination

📈 is more versatile than DOLLAR

🛠 is more reliable than DOLLAR

⭐ is rated higher than DOLLAR

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Known for Extracting Text Segments

🔢 needs fewer arguments than DOLLAR

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Known for Rounding Down To Integers

📊 is easier to use than DOLLAR

📈 is more versatile than DOLLAR

⚙ performs better than DOLLAR

🛠 is more reliable than DOLLAR

⭐ is rated higher than DOLLAR

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Known for Counting Numeric Cells

📊 is easier to use than DOLLAR

📈 is more versatile than DOLLAR

🛠 is more reliable than DOLLAR

⭐ is rated higher than DOLLAR

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