THE SCENARIO
Earlier this week, I went shopping at Costco, where I get a lot of my staple foods, paper products, cleaning supplies, gasoline, and other essentials. I knew that my "Gold Star" membership was expiring, and that I would have to pay $60 to renew it in order to buy the things I wanted to buy that day. When I went up to the Membership counter, I saw that they also have an Executive membership, which costs $120. What do you get for that extra $60? The main thing is that at the end of the year, they send you a rebate check amounting to 2% of your purchases over the year. There are other advertised benefits, but I don't know that I'd be able to take advantage of any of them reliably, so I had to make my decision based entirely upon the rebate.
So the question is this: If I want to make 15% on my money, how much would I need to...
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