PMT vs AVERAGEIF vs CEILING
Compact mode

PMT vs AVERAGEIF vs CEILING

Table of content

Basic Classification Comparison

Usage Context Comparison

Basic Information Comparison

  • Known For ⭐
    Distinctive characteristic or primary strength of the Excel function
    PMT
    • Calculate Loan Payments
      PMT is known for Calculate Loan Payments.
    AVERAGEIF
    • Conditional Average Calculations
      AVERAGEIF is known for Conditional Average Calculations.
    CEILING
    • Upper Rounding
      CEILING is known for Upper Rounding.

Facts Comparison

  • Interesting Fact 💡
    Unique or lesser-known information about the Excel function
    PMT
    • Most used function in banking industry
    AVERAGEIF
    • Used over 1 billion times monthly
    CEILING
    • Used in Scientific Calculations

  • Sarcastic Fact 🤣
    Humorous or ironic observation about the Excel function
    PMT
    • The function that reminds you of your debts
    AVERAGEIF
    • Makes statisticians feel superior with basic math
    CEILING
    • Helps Numbers Reach Their Higher Self

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
    PMT
    • Excel 2013
      PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
    AVERAGEIF
    • Excel 2013
      AVERAGEIF is compatible with 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
    PMT
    AVERAGEIF
    CEILING

  • 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
    • Number
      Excel functions that perform calculations specifically with numerical inputs
    • Number
      Excel functions that perform calculations specifically with numerical inputs
    AVERAGEIF
    • Range
      AVERAGEIF accepts Range as input types Excel functions that operate on cell ranges for calculations

Evaluation Comparison

  • Pros ✅
    Key advantages and strengths of the Excel function
    PMT
    • Accurate Calculations
    • Industry Standard
      Excel functions recognized as industry standards ensure widespread compatibility and reliability
    • Reliable
    AVERAGEIF
    • Easy To Understand
      Functions with clear and intuitive syntax that are simple to learn
    • Handles Basic Conditional Averaging
    CEILING
    • Predictable Results
    • Engineering Friendly
      Functions specifically designed for engineering calculations and analysis

  • Cons ❌
    Limitations and potential drawbacks of the Excel function
    PMT
    • Negative Number Output
    • Complex Parameters
    AVERAGEIF
    • Limited Condition Options
    • Single Criteria Only
    CEILING
    • Limited To Upward Rounding
    • Single Direction

Ratings Comparison

Alternatives to PMT
FIND
Known for Text Search And Position Finding
SMALL
Known for Finding Nth Smallest Value
COUNT
Known for Counting Numeric Cells
📊 is easier to use than AVERAGEIF
📈 is more versatile than AVERAGEIF
⭐ is rated higher than AVERAGEIF
LARGE
Known for Finding Nth Largest Value
COUNTIFS
Known for Multiple Criteria Counting
📈 is more versatile than AVERAGEIF
⭐ is rated higher than AVERAGEIF
SUM
Known for Basic Arithmetic Calculations
📊 is easier to use than AVERAGEIF
📈 is more versatile than AVERAGEIF
🛠 is more reliable than AVERAGEIF
⭐ is rated higher than AVERAGEIF
COUNTIF
Known for Counting With Conditions
📈 is more versatile than AVERAGEIF
AVERAGE
Known for Basic Statistical Calculation
📊 is easier to use than AVERAGEIF
📈 is more versatile than AVERAGEIF
⚙ performs better than AVERAGEIF
⭐ is rated higher than AVERAGEIF
FLOOR
Known for Lower Rounding
IF
Known for Conditional Statements
🔢 needs fewer arguments than AVERAGEIF
📈 is more versatile than AVERAGEIF
⭐ is rated higher than AVERAGEIF