Compact mode
POWER vs PMT vs DOLLAR
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 typesPOWERPMTDOLLAR- TextDOLLAR 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 inputsPOWER- CalculationPOWER performs Calculation operations. Excel functions for performing various calculations
PMT- CalculationPMT performs Calculation operations. Excel functions for performing various calculations
DOLLAR
Usage Context Comparison
For whom 👥
Target user groups who would benefit most from using this Excel functionPOWER- ScientistsPOWER is designed for Scientists. Excel functions used in scientific calculations and research Click to see all.
- EngineersPOWER is designed for Engineers. Excel functions commonly used in engineering calculations and analysis Click to see all.
PMT- 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
Basic Information Comparison
Known For ⭐
Distinctive characteristic or primary strength of the Excel functionPOWER- Exponential CalculationsPOWER is known for Exponential Calculations.
PMT- Calculate Loan PaymentsPMT is known for Calculate Loan Payments.
DOLLAR- Currency FormattingDOLLAR is known for Currency Formatting.
History Comparison
Facts Comparison
Interesting Fact 💡
Unique or lesser-known information about the Excel functionPOWER- More efficient than using multiplication operators
PMT- Most used function in banking industry
DOLLAR- One of Excel's original financial functions
Sarcastic Fact 🤣
Humorous or ironic observation about the Excel functionPOWER- The function that makes numbers feel superior
PMT- The function that reminds you of your debts
DOLLAR- Makes your numbers look rich and important
Usage Information Comparison
Formula Complexity Level 📖
Indicates the difficulty level and complexity of using the Excel function effectivelyPOWERPMTDOLLAR
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
Version 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 properlyPOWERPMTDOLLARRequired Arguments Type 📊
The data types accepted as valid input arguments for the functionFor all*- NumberExcel functions that perform calculations specifically with numerical inputs
Evaluation Comparison
Pros ✅
Key advantages and strengths of the Excel functionPOWER- Precise Power Calculations
- Handles Large Numbers
PMT- 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
Cons ❌
Limitations and potential drawbacks of the Excel functionPOWER- Can Return Errors With Very Large NumbersFunctions that may fail or return incorrect results when processing very large numerical values Click to see all.
- Limited To Real Numbers
PMT- Negative Number Output
- Complex Parameters
DOLLAR
Ratings Comparison
Alternatives to POWER
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
PRODUCT
Known for Multiplying Numbers Together
📊
is easier to use than PMT
MAX
Known for Finding Highest Value
📊
is easier to use than PMT
⭐
is rated higher 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