PMT vs MOD vs TODAY
Compact mode

PMT vs MOD vs TODAY

Table of content

Basic Classification Comparison

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.
    MOD
    • Division Remainder Calculations
      MOD is known for Division Remainder Calculations.
    TODAY
    • Current Date Return
      TODAY is known for Current Date Return.

Facts Comparison

  • Interesting Fact 💡
    Unique or lesser-known information about the Excel function
    PMT
    • Most used function in banking industry
    MOD
    • Used in ancient Babylonian mathematics for calendars
    TODAY
    • Updates even when you don't want it to

  • Sarcastic Fact 🤣
    Humorous or ironic observation about the Excel function
    PMT
    • The function that reminds you of your debts
    MOD
    • The function that knows how to share but keeps the leftovers
    TODAY
    • The function that never lies about its age

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
    MOD
    • Number
      MOD accepts Number as input data. Excel functions specifically designed for numerical calculations
    TODAY
    • Date
      TODAY accepts Date as input data. Excel functions for working with dates and time values

  • 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
    PMT
    • Excel 2013
      PMT is compatible with Excel 2013 Excel functions that work specifically in Excel 2013 version
    MOD
    • Excel 2013
      MOD 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
    For all*
    • 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
    PMT
    MOD
    TODAY
      ~

  • Required Arguments Type 📊
    The data types accepted as valid input arguments for the function
    PMT
    • Number
      PMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs
    • Number
      PMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs
    • Number
      PMT accepts Number as input types Excel functions that perform calculations specifically with numerical inputs
    MOD
    • Number
      MOD accepts Number as input types Excel functions that perform calculations specifically with numerical inputs
    TODAY
    • Date
      TODAY accepts Date as input types Excel functions specialized in processing date and time 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
    MOD
    • Simple And Straightforward
    • Useful For Cyclic Calculations
    TODAY
    • No Arguments Needed
      Excel functions that work without arguments provide quick results with minimal setup
    • Auto-Updates

  • Cons ❌
    Limitations and potential drawbacks of the Excel function
    PMT
    • Negative Number Output
    • Complex Parameters
    MOD
    TODAY
    • Updates Only On Calculation
    • Limited Use
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
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
SUBSTITUTE
Known for Replace Specific Text
📈 is more versatile than PMT
⭐ is rated higher than PMT