PMT vs INDEX vs OFFSET
Compact mode

PMT vs INDEX vs OFFSET

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
    OFFSET
    • Lookup & Reference
      OFFSET 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
    OFFSET
    • Retrieval
      OFFSET 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.
    OFFSET
    • Dynamic Range Manipulation
      OFFSET is known for Dynamic Range Manipulation.

History Comparison

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
    OFFSET
    • Essential for dynamic charts

  • 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
    OFFSET
    • The parkour artist of Excel functions

Technical Details Comparison

  • Input Data Type 📝
    Types of data that the Excel function accepts as input parameters
    PMT
    • Number
      PMT accepts Number as input data. Excel functions specifically designed for numerical calculations
    INDEX
    OFFSET
    • Range
      OFFSET accepts Range as input data. Excel functions that operate on cell ranges and data sets

  • 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
    • Excel 2013
      Excel functions that work specifically in Excel 2013 version
    INDEX
    • Microsoft 365
      INDEX is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform
    • Excel Online
      INDEX is compatible with Excel Online Excel functions optimized for use in the web-based Excel Online platform

  • 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
    PMT
    • Web Excel
      PMT runs on Web Excel Excel functions available in web-based versions
    INDEX
    • Web Excel
      INDEX runs on Web Excel Excel functions available in web-based versions

  • Required Arguments Count 🔢
    Number of mandatory arguments needed for the function to work properly
    For all*

  • 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
    • Number
      Excel functions that perform calculations specifically with numerical inputs
    • Number
      Excel functions that perform calculations specifically with numerical inputs
    INDEX
    • Array
      INDEX accepts Array as input types Excel functions that specifically work with array inputs for calculations
    OFFSET
    • Range
      OFFSET accepts Range as input types Excel functions that operate on cell ranges for calculations

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
    OFFSET
    • Flexible Range Selection
      Functions that enable selecting dynamic ranges and cell references flexibly
    • Dynamic References
      Functions that can automatically adjust cell references based on changes

  • 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
    OFFSET
    • Volatile Calculation
    • Complex Syntax

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