Compact mode

PMT vs MOD

Known for Calculate Loan Payments

VS

Known for Division Remainder Calculations

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

MOD

Mathematical

MOD belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.
Operation Type 🔧

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

Both*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

For whom 👥

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

PMT

Financial Professionals

PMT is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.

Accountants

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

MOD

Data Analysts

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

Engineers

MOD is designed for Engineers. Excel functions commonly used in engineering calculations and analysis 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.

MOD

Mathematical Operations

MOD is used for Mathematical Operations. Excel functions that perform various mathematical calculations and operations 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.

MOD

Division Remainder Calculations

MOD is known for Division Remainder Calculations.

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.

MOD

Excel 2.0

MOD was created in Excel 2.0. Functions introduced in the Excel 2.0 version release Click to see all.
Created By 👤

Organization or team responsible for developing the function

Both*

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

MOD

Used in ancient Babylonian mathematics for calendars
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

PMT

The function that reminds you of your debts

MOD

The function that knows how to share but keeps the leftovers

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.

MOD

Simple

MOD has a Simple complexity level. Basic Excel functions for common calculations and tasks Click to see all.

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

Both*

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.

Both*

Excel 2019

Excel functions that work specifically in Excel 2019 version

Excel 2016

Excel functions that work specifically in Excel 2016 version

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

Both*

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

3

PMT needs 3 required arguments Click to see all.

MOD

2

MOD needs 2 required arguments Click to see all.
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

Both*

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

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

MOD

Simple And Straightforward

Useful For Cyclic Calculations
Cons ❌

Limitations and potential drawbacks of the Excel function

PMT

Negative Number Output

Complex Parameters

MOD

Limited To Integer Operations

Functions that only work with whole numbers, limiting decimal calculations Click to see all.

Not Suitable For Decimal Remainders

Ratings Comparison

Ease of Use Score 📊

User-rated score for function's ease of use

PMT

8

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.

MOD

9

User-rated score for function's ease of use (25%) Having high ease of use score means the function is more intuitive and user-friendly. Click to see all.
Versatility Score 📈

Rating for function's adaptability to different scenarios

PMT

7.5

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.

MOD

6.5

Rating for function's adaptability to different scenarios (25%) Functions with higher versatility scores can be used in more diverse scenarios and applications. Click to see all.
Performance Score ⚙

Rating for function's execution speed and efficiency

Both*

9.5
Reliability Score 🛠

Rating for function's consistency and error handling

Both*

9.5
Score ⭐

Overall rating combining all scoring attributes

Both*

8.6

Alternatives to PMT

Known for Ceiling Rounding

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Known for Round Numbers

📊 is easier to use than MOD

📈 is more versatile than MOD

⭐ is rated higher than MOD

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Known for Multiplying Numbers Together

📈 is more versatile than MOD

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Known for Rounding Down To Integers

📊 is easier to use than MOD

⭐ is rated higher than MOD

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Known for Exponential Calculations

📈 is more versatile than MOD

⭐ is rated higher than MOD

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Known for Finding Lowest Value

📈 is more versatile than MOD

⭐ is rated higher than MOD

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Known for Basic Statistical Calculation

📈 is more versatile than MOD

⭐ is rated higher than MOD

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Known for Finding Highest Value

📈 is more versatile than MOD

⭐ is rated higher than MOD

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Known for Calculate Factorials

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Known for Text Search And Position Finding

📈 is more versatile than MOD

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