Question: How to solve these on excel using (I,N,PMT,PV,FV) format. - How long does it take for $700 to grow into $1,000 at an annual interest

How to solve these on excel using (I,N,PMT,PV,FV) format.

- How long does it take for $700 to grow into $1,000 at an annual interest rate of 5%?

- How much do you need to save every six months if you already have $3,000 but you need $20,000 in 2 years? You can earn an annual rate of return of 8%.

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