PMT vs INDEX vs LOOKUP
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PMT vs INDEX vs LOOKUP

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
    PMT
    INDEX
    • Lookup & Reference
      INDEX belongs to the Lookup & Reference category. Excel functions for searching and referencing data across spreadsheets
    LOOKUP
    • Lookup & Reference
      LOOKUP belongs to the Lookup & Reference category. Excel functions for searching and referencing data across spreadsheets

  • Operation Type 🔧
    Fundamental type of operation or action that the Excel function performs on its inputs
    PMT
    • Calculation
      PMT performs Calculation operations. Excel functions for performing various calculations
    INDEX
    • Retrieval
      INDEX performs Retrieval operations. Functions specialized in fetching data from various sources
    LOOKUP
    • Retrieval
      LOOKUP performs Retrieval operations. Functions specialized in fetching data from various sources

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.
    INDEX
    • Advanced Data Retrieval
      INDEX is known for Advanced Data Retrieval.
    LOOKUP
    • Simple Vertical And Horizontal Lookups
      LOOKUP is known for Simple Vertical And Horizontal Lookups.

Facts Comparison

  • Interesting Fact 💡
    Unique or lesser-known information about the Excel function
    PMT
    • Most used function in banking industry
    INDEX
    • Often used with MATCH function
    LOOKUP
    • Predecessor to VLOOKUP and HLOOKUP

  • Sarcastic Fact 🤣
    Humorous or ironic observation about the Excel function
    PMT
    • The function that reminds you of your debts
    INDEX
    • The function that makes VLOOKUP feel simple
    LOOKUP
    • Still exists because Excel is afraid of commitment issues

Technical Details Comparison

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
    INDEX
    • Powerful With MATCH
      Excel functions working with MATCH enable powerful lookup and reference capabilities
    • Flexible Lookup
      Excel functions with flexible lookup capabilities enable versatile data searching and matching
    • Very Flexible
    • Fast Performance
    • Powerful
      Powerful Excel functions offer advanced capabilities for complex calculations and data manipulation
    • Flexible
    LOOKUP
    • Simple To Understand
    • Works With Sorted Data

  • Cons ❌
    Limitations and potential drawbacks of the Excel function
    PMT
    • Negative Number Output
    • Complex Parameters
    INDEX
    • Complex Syntax
    • Requires Understanding
    • Complex For Beginners
    • Requires Understanding Of Arrays
    • Learning Curve
    LOOKUP
    • Limited To One-Way Lookups
    • Requires Sorted Data

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