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POWER vs PMT

Known for Exponential Calculations

VS

Known for Calculate Loan Payments

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

POWER

Mathematical

POWER belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis Click to see all.
Operation Type 🔧

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

Both*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

For whom 👥

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

POWER

Scientists

POWER is designed for Scientists. Excel functions used in scientific calculations and research Click to see all.

Engineers

POWER is designed for Engineers. Excel functions commonly used in engineering calculations and analysis Click to see all.

PMT

Financial Professionals

PMT is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.

Accountants

PMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.
Purpose 📝

Primary purposes and use cases of the Excel function

POWER

Mathematical Operations

POWER is used for Mathematical Operations. Excel functions that perform various mathematical calculations and operations Click to see all.

PMT

Financial Calculations

PMT is used for Financial Calculations. Excel functions designed for financial analysis and monetary calculations Click to see all.

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

POWER

Exponential Calculations

POWER is known for Exponential Calculations.

PMT

Calculate Loan Payments

PMT is known for Calculate Loan Payments.

History Comparison

Creation Date 📅

Original release date of the Excel function

POWER

Excel 97

POWER was created in Excel 97. Functions first available in Excel 97 version Click to see all.

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version 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

POWER

More efficient than using multiplication operators

PMT

Most used function in banking industry
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

POWER

The function that makes numbers feel superior

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 effectively

POWER

Simple

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

PMT

Intermediate

PMT has a Intermediate complexity level. Excel functions with moderate complexity for various 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

POWER

2

POWER needs 2 required arguments Click to see all.

PMT

3

PMT needs 3 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

Evaluation Comparison

Pros ✅

Key advantages and strengths of the Excel function

POWER

Precise Power Calculations

Handles Large Numbers

PMT

Accurate Calculations

Industry Standard

Excel functions recognized as industry standards ensure widespread compatibility and reliability Click to see all.

Reliable
Cons ❌

Limitations and potential drawbacks of the Excel function

POWER

Can Return Errors With Very Large Numbers

Functions that may fail or return incorrect results when processing very large numerical values Click to see all.

Limited To Real Numbers

PMT

Negative Number Output

Complex Parameters

Ratings Comparison

Ease of Use Score 📊

User-rated score for function's ease of use

POWER

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.

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.
Versatility Score 📈

Rating for function's adaptability to different scenarios

Both*

7.5
Performance Score ⚙

Rating for function's execution speed and efficiency

POWER

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.

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.
Reliability Score 🛠

Rating for function's consistency and error handling

Both*

9.5
Score ⭐

Overall rating combining all scoring attributes

POWER

8.8

The overall score for POWER is 8.8. Click to see all.

PMT

8.6

The overall score for PMT is 8.6. Click to see all.

Alternatives to POWER

Known for Multiple Condition Sum

📈 is more versatile than PMT

Add to comparison

Known for Round Numbers

📊 is easier to use than PMT

📈 is more versatile than PMT

⭐ is rated higher than PMT

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Known for Finding Lowest Value

📊 is easier to use than PMT

⭐ is rated higher than PMT

Add to comparison

Known for Basic Statistical Calculation

📊 is easier to use than PMT

⭐ is rated higher than PMT

Add to comparison

Known for Division Remainder Calculations

📊 is easier to use than PMT

Add to comparison

Known for Calculate Factorials

📊 is easier to use than PMT

Add to comparison

Known for Multiplying Numbers Together

📊 is easier to use than PMT

Add to comparison

Known for Finding Highest Value

📊 is easier to use than PMT

⭐ is rated higher than PMT

Add to comparison

Known for Extract Rightmost Characters

📊 is easier to use than PMT

⭐ is rated higher than PMT

Add to comparison

Known for End Of Month Calculations

📊 is easier to use than PMT

🛠 is more reliable than PMT

⭐ is rated higher than PMT

Add to comparison

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