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. Let's be accurate as possible.
In one party, the total amount of money collected from the football players is $40 * 60 = $2400. If eight such parties are done in a year, the total amount of money collected from the parties is $2400 * 8 = $19200.
The answer: 19200.