Compact mode
PMT vs MAXIFS vs INDEX
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 typesPMTMAXIFSINDEXOperation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsPMTMAXIFSINDEX
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionFor all*PMTMAXIFSINDEX
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.
INDEX- Advanced Data RetrievalINDEX is known for Advanced Data Retrieval.
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
INDEX- Often used with MATCH function
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
INDEX- The function that makes VLOOKUP feel simple
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyPMTMAXIFSINDEX
Technical Details Comparison
Input Data Type 📝
Types of data that the Excel function accepts as input parametersPMTMAXIFS- NumberMAXIFS accepts Number as input data. Excel functions specifically designed for numerical calculations Click to see all.
- ArrayMAXIFS accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.
INDEXVersion Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.For all*PMT- Excel 2019PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 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.
MAXIFSINDEX- Excel 2019INDEX is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version Click to see all.
- Excel 2013INDEX is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version Click to see all.
- Microsoft 365INDEX is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform Click to see all.
- Excel OnlineINDEX is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform Click to see all.
Operating 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
PMTINDEXRequired Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyFor all*Required 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.
INDEX
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
INDEX- Powerful With MATCHExcel functions working with MATCH enable powerful lookup and reference capabilities Click to see all.
- Flexible LookupExcel functions with flexible lookup capabilities enable versatile data searching and matching Click to see all.
- Very Flexible
- Fast Performance
- PowerfulPowerful Excel functions offer advanced capabilities for complex calculations and data manipulation Click to see all.
- Flexible
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.
INDEX- Complex Syntax
- Requires Understanding
- Complex For Beginners
- Requires Understanding Of Arrays
- Learning Curve
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