Compact mode

AVERAGE vs POWER vs PMT

Table of content

Basic Classification Comparison
Usage Context Comparison
Basic Information Comparison
History Comparison
Facts Comparison

Usage Information Comparison
Technical Details Comparison
Evaluation Comparison
Ratings Comparison

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

AVERAGE

Statistical

AVERAGE belongs to the Statistical category. Excel functions for statistical analysis and calculations

POWER

Mathematical

POWER belongs to the Mathematical category. Excel functions for performing mathematical calculations Click to see all.

PMT

Financial

PMT belongs to the Financial category. Excel functions specifically designed for financial calculations and analysis
Operation Type 🔧

Fundamental type of operation or action that the Excel function performs on its inputs

For all*

Calculation

Excel functions for performing various calculations

Usage Context Comparison

Basic Information Comparison

Known For ⭐

Distinctive characteristic or primary strength of the Excel function

AVERAGE

Basic Statistical Calculation

AVERAGE is known for Basic Statistical Calculation.

POWER

Exponential Calculations

POWER is known for Exponential Calculations.

PMT

Calculate Loan Payments

PMT is known for Calculate Loan Payments.

History Comparison

Creation Date 📅

Original release date of the Excel function

AVERAGE

Excel 2.0

AVERAGE was created in Excel 2.0. Functions introduced in the Excel 2.0 version release Click to see all.

POWER

Excel 97

POWER was created in Excel 97. Functions first available in Excel 97 version Click to see all.

PMT

Excel 3.0

PMT was created in Excel 3.0. Functions that originated in Excel 3.0 version Click to see all.
Created By 👤

Organization or team responsible for developing the function

For all*

Microsoft Excel Team

Functions officially created by the Microsoft Excel development team

Facts Comparison

Interesting Fact 💡

Unique or lesser-known information about the Excel function

AVERAGE

Most basic statistical function

POWER

More efficient than using multiplication operators

PMT

Most used function in banking industry
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

AVERAGE

Making averages average since Excel began

POWER

The function that makes numbers feel superior

PMT

The function that reminds you of your debts

Usage Information Comparison

Formula Complexity Level 📖

Indicates the difficulty level and complexity of using the Excel function effectively

AVERAGE

Simple

AVERAGE has a Simple complexity level. Basic Excel functions for common calculations and tasks Click to see all.

POWER

Simple

POWER has a Simple complexity level. Basic Excel functions for common calculations and tasks Click to see all.

PMT

Intermediate

PMT has a Intermediate complexity level. Excel functions with moderate complexity for various tasks Click to see all.

Technical Details Comparison

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

For all*

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.

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

AVERAGE

Microsoft 365

AVERAGE is compatible with Microsoft 365 Excel functions optimized for the latest Microsoft 365 platform

Excel Online

AVERAGE 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

Web Excel

Excel functions available in web-based versions
Required Arguments Count 🔢

Number of mandatory arguments needed for the function to work properly

AVERAGE

1

AVERAGE needs 1 required arguments Click to see all.

POWER

2

POWER needs 2 required arguments Click to see all.

PMT

3

PMT needs 3 required arguments Click to see 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

AVERAGE

Range

AVERAGE accepts Range as input types Excel functions that operate on cell ranges for calculations

Array

AVERAGE 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

AVERAGE

Simple To Use

Common Function

Universal

POWER

Precise Power Calculations

Handles Large Numbers

PMT

Accurate Calculations

Industry Standard

Excel functions recognized as industry standards ensure widespread compatibility and reliability

Reliable
Cons ❌

Limitations and potential drawbacks of the Excel function

AVERAGE

Ignores Text

Includes Zero Values

Functions that consider zero values in calculations, impacting statistical results Click to see all.

Numbers Only

No Weights

POWER

Can Return Errors With Very Large Numbers

Functions 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