Compact mode

PMT vs MAXIFS vs INDEX

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

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis

MAXIFS

Mathematical

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

INDEX

Lookup & Reference

INDEX belongs to the Lookup & Reference category. Excel functions for searching and referencing data across spreadsheets
Operation Type 🔧

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

PMT

Calculation

PMT performs Calculation operations. Excel functions for performing various calculations

MAXIFS

Calculation

MAXIFS performs Calculation operations. Excel functions for performing various calculations

INDEX

Retrieval

INDEX performs Retrieval operations. Functions specialized in fetching data from various sources

Usage Context Comparison

For whom 👥

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

For all*

Financial Professionals

Excel functions essential for financial analysis and planning

PMT

Accountants

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

MAXIFS

Data Analysts

MAXIFS is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.

INDEX

Data Analysts

INDEX is designed for Data Analysts. Excel functions specifically designed for data analysis and interpretation Click to see all.
Purpose 📝

Primary purposes and use cases of the Excel function

PMT

Financial Calculations

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

MAXIFS

Data Analysis

MAXIFS is used for Data Analysis. Functions specifically designed for analyzing data Click to see all.

INDEX

Data Lookup

INDEX is used for Data Lookup. Functions for finding and retrieving specific data Click to see all.

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.

MAXIFS

Multiple Criteria Max

MAXIFS is known for Multiple Criteria Max.

INDEX

Advanced Data Retrieval

INDEX is known for Advanced Data Retrieval.

History Comparison

Creation Date 📅

Original release date of the Excel function

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version Click to see all.

MAXIFS

Excel 2016

MAXIFS was created in Excel 2016. Functions that came with Excel 2016 version Click to see all.

INDEX

Excel 3.0

INDEX 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

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

PMT

Most used function in banking industry

MAXIFS

Can handle up to 127 criteria pairs

INDEX

Often used with MATCH function
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

PMT

The function that reminds you of your debts

MAXIFS

Like finding the tallest person who likes both pizza and sushi

INDEX

The function that makes VLOOKUP feel simple

Usage Information Comparison

Formula Complexity Level 📖

Indicates the difficulty level and complexity of using the Excel function effectively

PMT

Intermediate

PMT has a Intermediate complexity level. Excel functions with moderate complexity for various tasks Click to see all.

MAXIFS

Intermediate

MAXIFS has a Intermediate complexity level. Excel functions with moderate complexity for various tasks Click to see all.

INDEX

Advanced

INDEX has a Advanced complexity level. Complex Excel functions for sophisticated calculations and operations Click to see all.

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

PMT

Number

PMT accepts Number as input data. Excel functions specifically designed for numerical calculations

MAXIFS

Number

MAXIFS accepts Number as input data. Excel functions specifically designed for numerical calculations

Array

MAXIFS accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.

INDEX

Array

INDEX accepts Array as input data. Excel functions designed to work with arrays and ranges of data Click to see all.

Range

INDEX accepts Range as input data. Excel functions that operate on cell ranges and data sets
Version Compatibility 💻

Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.

For all*

Excel 2016

Excel functions that work specifically in Excel 2016 version

PMT

Excel 2019

PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version

Excel 2013

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

MAXIFS

Microsoft 365

MAXIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform

INDEX

Excel 2019

INDEX is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version

Excel 2013

INDEX is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version

Microsoft 365

INDEX is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform

Excel Online

INDEX is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform
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

PMT

Web Excel

PMT runs on Web Excel Excel functions available in web-based versions

INDEX

Web Excel

INDEX runs on Web Excel Excel functions available in web-based versions
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

For all*

3
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

MAXIFS

Range

MAXIFS accepts Range as input types Excel functions that operate on cell ranges for calculations

Text

MAXIFS accepts Text as input types Excel functions specialized in text string manipulation and processing

INDEX

Array

INDEX accepts Array as input types Excel functions that specifically work with array inputs 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

MAXIFS

Multiple Condition Support

Array Handling

Functions that efficiently process arrays and ranges of data

Efficient Processing

INDEX

Powerful With MATCH

Excel functions working with MATCH enable powerful lookup and reference capabilities

Flexible Lookup

Excel functions with flexible lookup capabilities enable versatile data searching and matching

Very Flexible

Fast Performance

Powerful

Powerful Excel functions offer advanced capabilities for complex calculations and data manipulation

Flexible
Cons ❌

Limitations and potential drawbacks of the Excel function

PMT

Negative Number Output

Complex Parameters

MAXIFS

Requires Sorted Data

Limited To Numbers

Functions that can only process numerical values and cannot handle text or dates Click to see all.

INDEX

Complex Syntax

Requires Understanding

Complex For Beginners

Requires Understanding Of Arrays

Learning Curve