MIN vs SUBSTITUTE vs PMT
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MIN vs SUBSTITUTE vs PMT

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 types
    MIN
    SUBSTITUTE
    • Text
      SUBSTITUTE belongs to the Text category. Excel functions for manipulating and analyzing text data
    PMT
    • Financial
      PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis

  • Operation Type 🔧
    Fundamental type of operation or action that the Excel function performs on its inputs
    MIN
    • Calculation
      MIN performs Calculation operations. Excel functions for performing various calculations
    SUBSTITUTE
    • Manipulation
      SUBSTITUTE performs Manipulation operations. Functions that modify and transform data in different ways
    PMT
    • Calculation
      PMT performs Calculation operations. Excel functions for performing various calculations

Basic Information Comparison

  • Known For ⭐
    Distinctive characteristic or primary strength of the Excel function
    MIN
    • Finding Lowest Value
      MIN is known for Finding Lowest Value.
    SUBSTITUTE
    • Replace Specific Text
      SUBSTITUTE is known for Replace Specific Text.
    PMT
    • Calculate Loan Payments
      PMT is known for Calculate Loan Payments.

Facts Comparison

  • Interesting Fact 💡
    Unique or lesser-known information about the Excel function
    MIN
    • First mathematical function in Excel
    SUBSTITUTE
    • Originally designed for mail merge operations
    PMT
    • Most used function in banking industry

  • Sarcastic Fact 🤣
    Humorous or ironic observation about the Excel function
    MIN
    • The pessimist's favorite function
    SUBSTITUTE
    • Find and replace's overachieving cousin
    PMT
    • The function that reminds you of your debts

Technical Details Comparison

  • Input Data Type 📝
    Types of data that the Excel function accepts as input parameters
    MIN
    • Number
      MIN accepts Number as input data. Excel functions specifically designed for numerical calculations
    SUBSTITUTE
    PMT
    • Number
      PMT accepts Number as input data. 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
    SUBSTITUTE
    • Excel 2013
      SUBSTITUTE is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
    PMT
    • Excel 2013
      PMT 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
    MIN
    SUBSTITUTE
    PMT

  • 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
    MIN
    • Array
      MIN accepts Array as input types Excel functions that specifically work with array inputs for calculations
    SUBSTITUTE
    • Text
      SUBSTITUTE accepts Text as input types Excel functions specialized in text string manipulation and processing
    • Text
      SUBSTITUTE accepts Text as input types Excel functions specialized in text string manipulation and processing

Evaluation Comparison

  • Pros ✅
    Key advantages and strengths of the Excel function
    MIN
    • Easy To Understand
      Functions with clear and intuitive syntax that are simple to learn
    • Reliable
    SUBSTITUTE
    • Multiple Replacements
    • Case Sensitive
    • Precise
    PMT
    • Accurate Calculations
    • Industry Standard
      Excel functions recognized as industry standards ensure widespread compatibility and reliability
    • Reliable

  • Cons ❌
    Limitations and potential drawbacks of the Excel function
    MIN
    • Only Works With Numbers
    • No Text Handling
    SUBSTITUTE
    • Requires Exact Match
    • Complex Syntax
    PMT
    • Negative Number Output
    • Complex Parameters

Ratings Comparison

Alternatives to MIN
MAX
Known for Finding Highest Value
COUNT
Known for Counting Numeric Cells
📊 is easier to use than MIN
AVERAGE
Known for Basic Statistical Calculation
PRODUCT
Known for Multiplying Numbers Together
SUM
Known for Basic Arithmetic Calculations
📊 is easier to use than MIN
📈 is more versatile than MIN
🛠 is more reliable than MIN
⭐ is rated higher than MIN
MOD
Known for Division Remainder Calculations
🔢 needs fewer arguments than MIN
ROUND
Known for Round Numbers
🔢 needs fewer arguments than MIN
📊 is easier to use than MIN
📈 is more versatile than MIN
⭐ is rated higher than MIN
MODE
Known for Finding Most Frequent Value
FACT
Known for Calculate Factorials
POWER
Known for Exponential Calculations
🔢 needs fewer arguments than MIN