Compact mode
PMT vs MAXIFS vs AVERAGEIFS
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 typesPMTMAXIFSAVERAGEIFSOperation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsFor all*
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionFor all*PMTMAXIFSAVERAGEIFS
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
MAXIFS- Multiple Criteria MaxMAXIFS is known for Multiple Criteria Max.
AVERAGEIFS- Multiple Criteria Based AverageAVERAGEIFS is known for Multiple Criteria Based Average.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPMT- Most used function in banking industry
MAXIFS- Can handle up to 127 criteria pairs
AVERAGEIFS- Can Handle Up To 127 Criteria Pairs
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPMT- The function that reminds you of your debts
MAXIFS- Like finding the tallest person who likes both pizza and sushi
AVERAGEIFS- Makes Simple Averages Feel Inadequate
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyFor all*
Technical Details Comparison
Input Data Type 📝
Types of data that the Excel function accepts as input parametersFor all*MAXIFSAVERAGEIFSVersion Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.PMT- Excel 2019PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version Click to see all.
- Excel 2016PMT is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version Click to see all.
- Excel 2013PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version Click to see all.
MAXIFS- Excel 2016MAXIFS is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version Click to see all.
- Microsoft 365MAXIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform Click to see all.
AVERAGEIFSOperating System 💾
Specifies the operating systems where the function can be used < including Windows< macOS< and web platformsFor all*- WindowsExcel functions optimized for Windows operating system
- MacOSExcel functions optimized for MacOS users
PMTAVERAGEIFSRequired Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyPMTMAXIFSAVERAGEIFSRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
MAXIFS- RangeMAXIFS accepts Range as input types Excel functions that operate on cell ranges for calculations Click to see all.
- TextMAXIFS accepts Text as input types Excel functions specialized in text string manipulation and processing Click to see all.
AVERAGEIFS
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionPMT- Accurate Calculations
- Industry StandardExcel functions recognized as industry standards ensure widespread compatibility and reliability Click to see all.
- Reliable
MAXIFS- Multiple Condition Support
- Array HandlingFunctions that efficiently process arrays and ranges of data Click to see all.
- Efficient Processing
AVERAGEIFS- Flexible Criteria Selection
- Multiple Condition Support
- Easy To UnderstandFunctions with clear and intuitive syntax that are simple to learn Click to see all.
- Multiple Conditions SupportExcel functions handling multiple conditions enable complex logical operations and flexible data filtering Click to see all.
- Flexible Range SelectionFunctions that enable selecting dynamic ranges and cell references flexibly Click to see all.
- Easy To Use With Multiple CriteriaFunctions that handle multiple conditions efficiently Click to see all.
- Versatile For Complex Analysis
Cons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
MAXIFS- Requires Sorted Data
- Limited To NumbersFunctions that can only process numerical values and cannot handle text or dates Click to see all.
AVERAGEIFS- Complex Syntax
- Limited Data Type SupportFunctions that work with only specific data types, restricting versatility Click to see all.
- Can Be Slow With Large DatasetsFunctions that process large amounts of data may significantly impact spreadsheet performance Click to see all.
- Limited To Numeric Values Only
- Limited To Numerical Data Only
- Requires Careful Range Selection
Ratings Comparison
Alternatives to PMT
COUNTIFS
Known for Multiple Criteria Counting📈 is more versatile than MAXIFS
⭐ is rated higher than MAXIFS
SUMIF
Known for Conditional Sum Calculations📊 is easier to use than MAXIFS
SUBTOTAL
Known for Filtered Data Calculations📈 is more versatile than MAXIFS
⭐ is rated higher than MAXIFS
SUM
Known for Basic Arithmetic Calculations📊 is easier to use than MAXIFS
⚙ performs better than MAXIFS
🛠 is more reliable than MAXIFS
⭐ is rated higher than MAXIFS
SUMPRODUCT
Known for Matrix Multiplication Calculations📊 is easier to use than MAXIFS
📈 is more versatile than MAXIFS
⚙ performs better than MAXIFS
🛠 is more reliable than MAXIFS
⭐ is rated higher than MAXIFS
AGGREGATE
Known for Advanced Calculations With Options📈 is more versatile than MAXIFS
⚙ performs better than MAXIFS
🛠 is more reliable than MAXIFS
⭐ is rated higher than MAXIFS