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POWER vs PMT vs PRODUCT

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.

PRODUCT

Mathematical

PRODUCT belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.
Operation Type 🔧

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

For all*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

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.

PRODUCT

Multiplying Numbers Together

PRODUCT is known for Multiplying Numbers Together.

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.

PRODUCT

Excel 2.0

PRODUCT 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

For all*

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

PRODUCT

Can multiply up to 255 numbers at once
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

PRODUCT

The function that failed elementary school's 'times tables'

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.

PRODUCT

Simple

PRODUCT 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

For all*

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.

For all*

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

For all*

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.

PRODUCT

1

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

The data types accepted as valid input arguments for the function

For all*

Number

Excel functions that perform calculations specifically with numerical inputs

PRODUCT

Array

PRODUCT accepts Array as input types Excel functions that specifically work with array inputs for calculations Click to see all.

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

PRODUCT

Handles Multiple Arguments

Functions capable of processing multiple input parameters simultaneously Click to see all.

Array Compatible
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

PRODUCT

Can Overflow With Large Numbers

No Selective Multiplication

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.

PRODUCT

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

POWER

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.

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.

PRODUCT

7

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

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.

PRODUCT

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

For all*

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.

PRODUCT

8.6

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

Alternatives to POWER

Known for Multiple Condition Sum

📈 is more versatile than PMT

Known for Round Numbers

📊 is easier to use than PMT

📈 is more versatile than PMT

⭐ is rated higher than PMT

Known for Division Remainder Calculations

📊 is easier to use than PMT

Known for Basic Statistical Calculation

📊 is easier to use than PMT

⭐ is rated higher than PMT

Known for Calculate Factorials

📊 is easier to use than PMT

Known for Finding Lowest Value

📊 is easier to use than PMT

⭐ is rated higher than PMT

Known for Finding Highest Value

📊 is easier to use than PMT

⭐ is rated higher than PMT

Known for Extract Rightmost Characters

📊 is easier to use than PMT

⭐ is rated higher than PMT

Known for End Of Month Calculations

📊 is easier to use than PMT

🛠 is more reliable than PMT

⭐ is rated higher than PMT

Known for Replace Specific Text

📈 is more versatile than PMT

⭐ is rated higher than PMT

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