Use the following information to answer questions 7 and 8. A futures contract has a current price of $515. The initial margin requirement per contract is $24 and the maintenance margin requirement is $20 per contract. An investor takes a long position today (day 0) in 40 contracts at the future price of $515. The investor will not withdraw any excess margin during the next 6 days. Consider the following future prices over the next two days:

Day	Futures Price
0	515
1	512
2	509

7. What is the minimum amount of money that must the investor must put up to take the long position in 40 contracts? 8. What is the amount of the margin call that the investor will receive at the end of Day 2 ?