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In 1867, George Edward Lee found on his property in Ontario an astrolabe (a 17th-century navigating device) originally lost by Samuel de Champlain. Lee sold
In 1867, George Edward Lee found on his property in Ontario an astrolabe (a 17th-century navigating device) originally lost by Samuel de Champlain. Lee sold the astrolabe to a stranger for $10. In 1989, the Canadian Museum of Civilization purchased the astrolabe for $250,000 from the New York Historical Society. (How it got there is a long story.) It appears that Lee had been swindled; however, suppose he had invested the $10 at 10 percent. How much was it worth 140 years later in 2007?
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