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You own a computer that will generate 1.200.000 bitcoins return over the coming year. The cost of producing the bitcoins is very small, as the
You own a computer that will generate 1.200.000 bitcoins return over the coming year. The cost of producing the bitcoins is very small, as the energy consumed is generated with solar panels. The computer is anyhow a bit slower every year, and the volume of bitcoins produced is expected to decline at 1,2% per year. The discount rate is 4%. What is the PV of the computer and the bitcoin cashflows it produces?
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