Compact mode
PMT vs MOD vs FLOOR
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 typesPMTMODFLOOROperation 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 functionPMT- Financial ProfessionalsPMT is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
- AccountantsPMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.
MOD- Data AnalystsMOD is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
- EngineersMOD is designed for Engineers. Excel functions commonly used in engineering calculations and analysis Click to see all.
FLOOR
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
MOD- Division Remainder CalculationsMOD is known for Division Remainder Calculations.
FLOOR- Lower RoundingFLOOR is known for Lower Rounding.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPMT- Most used function in banking industry
MOD- Used in ancient Babylonian mathematics for calendars
FLOOR- Popular in Financial Modeling
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPMT- The function that reminds you of your debts
MOD- The function that knows how to share but keeps the leftovers
FLOOR- Keeps Numbers Grounded
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyPMTMODFLOOR
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
PMTMODOperating 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 properlyPMTMODFLOORRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*
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
MOD- Simple And Straightforward
- Useful For Cyclic Calculations
FLOOR- Consistent Results
- Engineering Applications
Cons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
MOD- Limited To Integer OperationsFunctions that only work with whole numbers, limiting decimal calculations Click to see all.
- Not Suitable For Decimal Remainders
FLOOR- Limited To Downward Rounding
- Single Direction
Ratings Comparison
Alternatives to PMT
SUMIFS
Known for Multiple Condition Sum📈 is more versatile than PMT
ROUND
Known for Round Numbers📊 is easier to use than PMT
📈 is more versatile than PMT
⭐ is rated higher than PMT
MIN
Known for Finding Lowest Value📊 is easier to use than PMT
⭐ is rated higher than PMT
AVERAGE
Known for Basic Statistical Calculation📊 is easier to use than PMT
⭐ is rated higher than PMT
FACT
Known for Calculate Factorials📊 is easier to use than PMT
PRODUCT
Known for Multiplying Numbers Together📊 is easier to use than PMT
MAX
Known for Finding Highest Value📊 is easier to use than PMT
⭐ is rated higher than PMT
RIGHT
Known for Extract Rightmost Characters📊 is easier to use than PMT
⭐ is rated higher than PMT
EOMONTH
Known for End Of Month Calculations📊 is easier to use than PMT
🛠 is more reliable than PMT
⭐ is rated higher than PMT
SUBSTITUTE
Known for Replace Specific Text📈 is more versatile than PMT
⭐ is rated higher than PMT