To get admission into a school party, each football team member must pay $40. If there are 60 players on the football team and the entire team attends 8 such parties in a year, calculate the total amount of money collected in the 8 parties.
In one party, the total amount of money collected from the football players is $40*60= $<<40*60=2400>>2400
If eight such parties are done in a year, the total amount of money collected from the parties is $2400*8 = $<<2400*8=19200>>19200
#### 19200