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Default Concerting total minutes to hours and minutes

I have a column of minutes which totals 500 minutes.
I want to convert it to hours and minutes. What formula
can I use to get it to the 8 hours 20 mins. Also what should my
cells be formatted as? Is there a way to bypass the total minutes all
together and have it compute directly into the 8 hours 20 mins? Thanks.
 
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