The Costco retail chain requires purchase of a yearly member…

The Cоstcо retаil chаin requires purchаse оf a yearly membership to shop at their stores. Memberships are available in two types: Regular Membership costs $60/year and allows for shopping at regular prices Executive Membership costs $120/year and allow for shopping at a 2% discount on the price of all purchases made What is the dollar volume of shopping at the crossover point for these two membership types?(Type a few numbers and intermediate calculations into the text box to show your solution approach; however, it is not necessary to type in all calculations and details.)