Need assistance not sure how to do these problems | 401k Questions

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Asked 1/23/2012

Need assistance not sure how to do these problems

I need help and it has to bve in excel formula and reason for the answer

You deposit $5,000 in an account that pays 8% interest per annum. How long will it take to double your money?
The Johnsons have $60,000 to use as a down-payment on a house, and they want to borrow $240,000 from the bank. The current mortgage interest rate is 5%. If they make equal monthly payments for 30 years, how much will the monthly payment be?

Tim paid $250 per month into his 401K retirement plan. After 30 years, he had accumulated $500,000. What average annual rate of interest had he earned over the 30 yrs.

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