Compact mode
PMT vs DOLLAR vs MID
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 typesPMTDOLLAR- TextDOLLAR belongs to the Text category. Excel functions for manipulating and analyzing text data
MID- TextMID belongs to the Text category. Excel functions for manipulating and analyzing text data
Operation Type 🔧
Fundamental type of operation or action that the Excel function performs on its inputsPMT- CalculationPMT performs Calculation operations. Excel functions for performing various calculations
DOLLARMID- ManipulationMID performs Manipulation operations. Functions that modify and transform data in different ways
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionPMT- Financial ProfessionalsPMT is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
- AccountantsPMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.
DOLLAR- Financial ProfessionalsDOLLAR is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.
- AccountantsDOLLAR is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.
MID
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
DOLLAR- Currency FormattingDOLLAR is known for Currency Formatting.
MID- Extracting Text SegmentsMID is known for Extracting Text Segments.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPMT- Most used function in banking industry
DOLLAR- One of Excel's original financial functions
MID- Used in early database systems
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPMT- The function that reminds you of your debts
DOLLAR- Makes your numbers look rich and important
MID- The middle child of text functions
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyPMTDOLLARMID
Technical Details Comparison
Input Data Type 📝
Types of data that the Excel function accepts as input parametersPMT- NumberPMT accepts Number as input data. Excel functions specifically designed for numerical calculations
DOLLAR- NumberDOLLAR accepts Number as input data. Excel functions specifically designed for numerical calculations
MIDVersion Compatibility 💻
Indicates which Excel versions and platforms the function is compatible with < including Office 365< Excel 2019< 2016< etc.For all*- Excel 2019Excel functions that work specifically in Excel 2019 version
- Excel 2016Excel functions that work specifically in Excel 2016 version
- Excel 2013Excel 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
- Web ExcelExcel functions available in web-based versions
Required Arguments Count 🔢
Number of mandatory arguments needed for the function to work properlyPMTDOLLARMIDRequired 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
MID- TextMID accepts Text as input types Excel functions specialized in text string manipulation and processing
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
DOLLAR- Easy FormattingFunctions that simplify the process of formatting cells and data
- Professional Output
- Consistent
MID- Precise Text Extraction
- Simple Parameters
Cons ❌
Limitations and potential drawbacks of the Excel functionPMT- Negative Number Output
- Complex Parameters
DOLLAR- Limited Currency Options
- Fixed FormatFunctions only work with specific predefined formats, limiting flexibility Click to see all.
MID- Fixed Length Extraction Only
- Starts Counting At 1
Ratings Comparison
Alternatives to PMT
SUMIFS
Known for Multiple Condition Sum
📈
is more versatile than PMT
ROUND
Known for Round Numbers
📊
is easier to use than PMT
📈
is more versatile than PMT
⭐
is rated higher than PMT
MIN
Known for Finding Lowest Value
📊
is easier to use than PMT
⭐
is rated higher than PMT
AVERAGE
Known for Basic Statistical Calculation
📊
is easier to use than PMT
⭐
is rated higher than PMT
MOD
Known for Division Remainder Calculations
📊
is easier to use than PMT
FACT
Known for Calculate Factorials
📊
is easier to use than PMT
POWER
Known for Exponential Calculations
📊
is easier to use than PMT
⭐
is rated higher than PMT
PRODUCT
Known for Multiplying Numbers Together
📊
is easier to use than PMT
RIGHT
Known for Extract Rightmost Characters
📊
is easier to use than PMT
⭐
is rated higher than PMT
EOMONTH
Known for End Of Month Calculations
📊
is easier to use than PMT
🛠
is more reliable than PMT
⭐
is rated higher than PMT