Compact mode
PMT vs MAXIFS vs SUMIF
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 typesPMT- FinancialPMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis
MAXIFSSUMIFOperation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsFor all*- CalculationExcel functions for performing various calculations
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionFor all*PMTMAXIFSSUMIF
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
MAXIFS- Multiple Criteria MaxMAXIFS is known for Multiple Criteria Max.
SUMIF- Conditional Sum CalculationsSUMIF is known for Conditional Sum Calculations.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPMT- Most used function in banking industry
MAXIFS- Can handle up to 127 criteria pairs
SUMIF- Originally created for financial reporting
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPMT- The function that reminds you of your debts
MAXIFS- Like finding the tallest person who likes both pizza and sushi
SUMIF- Makes counting look complicated when simple math would do
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 parametersFor all*- NumberExcel functions specifically designed for numerical calculations
MAXIFSSUMIFVersion Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.For all*- Excel 2016Excel functions that work specifically in Excel 2016 version
PMT- Excel 2019PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version
- Excel 2013PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
MAXIFS- Microsoft 365MAXIFS is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform
SUMIF- Excel 2019SUMIF is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version
- Excel 2013SUMIF 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 platformsFor all*- WindowsExcel functions optimized for Windows operating system
- MacOSExcel functions optimized for MacOS users
PMT- Web ExcelPMT runs on Web Excel Excel functions available in web-based versions
Required Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyPMTMAXIFSSUMIFRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
- NumberExcel functions that perform calculations specifically with numerical inputs
MAXIFS- RangeMAXIFS accepts Range as input types Excel functions that operate on cell ranges for calculations
- TextMAXIFS accepts Text as input types Excel functions specialized in text string manipulation and processing
SUMIF- RangeSUMIF accepts Range as input types Excel functions that operate on cell ranges for calculations
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
- Reliable
MAXIFS- Multiple Condition Support
- Array HandlingFunctions that efficiently process arrays and ranges of data
- Efficient Processing
SUMIF- Easy To Use
- Versatile For Filtering SumsExcel functions that excel at calculating sums with various filtering options
- Clear Syntax
Cons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
MAXIFS- Requires Sorted Data
- Limited To NumbersFunctions that can only process numerical values and cannot handle text or dates Click to see all.
SUMIF
Ratings Comparison
Alternatives to PMT
COUNTIFS
Known for Multiple Criteria Counting
📈
is more versatile than MAXIFS
⭐
is rated higher than MAXIFS
SUBTOTAL
Known for Filtered Data Calculations
📈
is more versatile than MAXIFS
⭐
is rated higher than MAXIFS
AGGREGATE
Known for Advanced Calculations With Options
📈
is more versatile than MAXIFS
⚙
performs better than MAXIFS
🛠
is more reliable than MAXIFS
⭐
is rated higher than MAXIFS
SUM
Known for Basic Arithmetic Calculations
📊
is easier to use than MAXIFS
⚙
performs better than MAXIFS
🛠
is more reliable than MAXIFS
⭐
is rated higher than MAXIFS
SUMPRODUCT
Known for Matrix Multiplication Calculations
📊
is easier to use than MAXIFS
📈
is more versatile than MAXIFS
⚙
performs better than MAXIFS
🛠
is more reliable than MAXIFS
⭐
is rated higher than MAXIFS