Compact mode

PMT

Known for Calculate Loan Payments

Table of content

Basic Classification
Usage Context
Basic Information
History
Facts

Usage Information
Technical Details
Evaluation
Ratings
Alternatives
FAQ

Basic Classification

Function Category 📊

Primary classification of the Excel function based on its main purpose and usage domain, helps users quickly identify function types

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

Calculation

PMT performs Calculation operations. Excel functions for performing various calculations

Usage Context

For whom 👥

Target user groups who would benefit most from using this Excel function

Financial Professionals

PMT is designed for Financial Professionals. Excel functions essential for financial analysis and planning Click to see all.

Accountants

PMT is designed for Accountants. Excel functions commonly used by accountants for financial tracking and reporting Click to see all.
Purpose 📝

Primary purposes and use cases of the Excel function

Financial Calculations

PMT is used for Financial Calculations. Excel functions designed for financial analysis and monetary calculations Click to see all.

History

Creation Date 📅

Original release date of the Excel function

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

Microsoft Excel Team

PMT was created by Microsoft Excel Team. Functions officially created by the Microsoft Excel development team Click to see all.

Facts

Interesting Fact 💡

Unique or lesser-known information about the Excel function

Most used function in banking industry
Sarcastic Fact 🤣

Humorous or ironic observation about the Excel function

The function that reminds you of your debts

Usage Information

Formula Complexity Level 📖

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

Intermediate

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

Technical Details

Input Data Type 📝

Types of data that the Excel function accepts as input parameters

Number

PMT accepts Number as input data. 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.

Excel 2019

PMT is compatible with Excel 2019 Excel functions that work specifically in Excel 2019 version

Excel 2016

PMT is compatible with Excel 2016 Excel functions that work specifically in Excel 2016 version

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

Windows

PMT runs on Windows Excel functions optimized for Windows operating system

MacOS

PMT runs on MacOS Excel functions optimized for MacOS users

Web Excel

PMT 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

3

PMT needs 3 required arguments Click to see all.
Required Arguments Type 📊

The data types accepted as valid input arguments for the function

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

Evaluation

Pros ✅

Key advantages and strengths of the Excel function

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

Negative Number Output

Complex Parameters