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Ten years ago, Earl's parents threw him a big birthday party with lots of friends from school. He took all the money from his birthday

Ten years ago, Earl's parents threw him a big birthday party with lots of friends from school. He took all the money from his birthday cards and put it in a bank account that paid 8% interest. When he withdrew the money this week, there was $ 1, 440 in the account. How much did he receive in birthday money ten years ago?

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