Compact mode
PMT vs WORKDAY vs NETWORKDAYS
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 typesPMTWORKDAYNETWORKDAYSOperation 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.
WORKDAY- Project ManagersWORKDAY is designed for Project Managers. Excel functions helpful for project planning and tracking Click to see all.
- Business ManagersWORKDAY is designed for Business Managers. Excel functions helpful for business management and decision making Click to see all.
NETWORKDAYS
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
WORKDAY- Business Day CalculationsWORKDAY is known for Business Day Calculations.
NETWORKDAYS- Calculate Working DaysNETWORKDAYS is known for Calculate Working Days.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPMT- Most used function in banking industry
WORKDAY- Essential for Project Planning
NETWORKDAYS- Created after numerous complaints about weekend inclusion
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPMT- The function that reminds you of your debts
WORKDAY- Makes Vacation Planning Complicated
NETWORKDAYS- The function that knows you don't work weekends
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 parametersPMTWORKDAYNETWORKDAYSVersion 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
PMTNETWORKDAYSOperating 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
PMTNETWORKDAYSRequired Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyPMTWORKDAYNETWORKDAYSRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionPMT- NumberPMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
- NumberPMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
- NumberPMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
WORKDAY- DateWORKDAY accepts Date as input types Excel functions specialized in processing date and time calculations Click to see all.
- NumberWORKDAY accepts Number as input types Excel functions that perform calculations specifically with numerical inputs Click to see all.
NETWORKDAYS
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
WORKDAY- Holiday Consideration
- Business Calendar Support
NETWORKDAYS- Excludes Weekends
- Holiday Aware
- Accurate
- Excludes Weekends Automatically
- Considers Holidays
Cons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
WORKDAY- Weekend Definition Limited
- Regional ConstraintsFunctions affected by regional settings and formats Click to see all.
NETWORKDAYS- Requires Date FormatFunctions that only work with properly formatted date values Click to see all.
- Complex Holiday Handling
- Limited Holiday Input Format
- Regional Limitations
Ratings Comparison
Versatility Score 📈
Rating for function's adaptability to different scenariosPMTWORKDAYNETWORKDAYS
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
MOD
Known for Division Remainder Calculations📊 is easier to use than PMT
AVERAGE
Known for Basic Statistical Calculation📊 is easier to use than PMT
⭐ is rated higher than PMT
MIN
Known for Finding Lowest Value📊 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
SUMIF
Known for Conditional Sum Calculations📊 is easier to use than PMT
COUNTIFS
Known for Multiple Criteria Counting📈 is more versatile than PMT
⭐ is rated higher than PMT
RIGHT
Known for Extract Rightmost Characters📊 is easier to use than PMT
⭐ is rated higher than PMT