Describe the pricing method or system of bitcoin

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Reference no: EM132047500

1. Please describe the pricing method or system of Bitcoin in at least 400 words. You can have reference online but be sure not to have word-to-word problem.

2. A project has an initial cost of $498,000 and projected net income of $45,000, $49,000, and $52,000 a year for the three years of the project, respectively. The initial cost will be depreciated on a straight-line basis over the life of the project. What is the accounting rate of return for this project?

18.79 percent

19.54 percent

19.96 percent

17.48 percent

Reference no: EM132047500

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