MIN vs PMT
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MIN vs PMT

Table of content

Basic Classification Comparison

Basic Information Comparison

  • Known For ⭐
    Distinctive characteristic or primary strength of the Excel function
    MIN
    • Finding Lowest Value
      MIN is known for Finding Lowest Value.
    PMT
    • Calculate Loan Payments
      PMT is known for Calculate Loan Payments.

Facts Comparison

  • Interesting Fact 💡
    Unique or lesser-known information about the Excel function
    MIN
    • First mathematical function in Excel
    PMT
    • Most used function in banking industry

  • Sarcastic Fact 🤣
    Humorous or ironic observation about the Excel function
    MIN
    • The pessimist's favorite function
    PMT
    • The function that reminds you of your debts

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
    PMT
    • Excel 2013
      PMT is compatible with 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
    MIN
    PMT

  • 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
    MIN
    • Array
      MIN accepts Array as input types Excel functions that specifically work with array inputs for calculations

Evaluation Comparison

  • Pros ✅
    Key advantages and strengths of the Excel function
    Both*
    • Reliable
    MIN
    • Easy To Understand
      Functions with clear and intuitive syntax that are simple to learn
    PMT
    • Accurate Calculations
    • Industry Standard
      Excel functions recognized as industry standards ensure widespread compatibility and reliability

  • Cons ❌
    Limitations and potential drawbacks of the Excel function
    MIN
    • Only Works With Numbers
    • No Text Handling
    PMT
    • Negative Number Output
    • Complex Parameters
Alternatives to MIN
SUMIFS
Known for Multiple Condition Sum
📈 is more versatile than PMT
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ROUND
Known for Round Numbers
📊 is easier to use than PMT
📈 is more versatile than PMT
⭐ is rated higher than PMT
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MOD
Known for Division Remainder Calculations
📊 is easier to use than PMT
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AVERAGE
Known for Basic Statistical Calculation
📊 is easier to use than PMT
⭐ is rated higher than PMT
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FACT
Known for Calculate Factorials
📊 is easier to use than PMT
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POWER
Known for Exponential Calculations
📊 is easier to use than PMT
⭐ is rated higher than PMT
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PRODUCT
Known for Multiplying Numbers Together
📊 is easier to use than PMT
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RIGHT
Known for Extract Rightmost Characters
📊 is easier to use than PMT
⭐ is rated higher than PMT
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EOMONTH
Known for End Of Month Calculations
📊 is easier to use than PMT
🛠 is more reliable than PMT
⭐ is rated higher than PMT
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SUBSTITUTE
Known for Replace Specific Text
📈 is more versatile than PMT
⭐ is rated higher than PMT
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