I was wondering if the following is correct:
Let $V=\bigoplus_{i\in\mathbb N}\mathbb Z$ and $R=\text{Hom}_{\ \mathbb Z}(V,V)$. Regard $R$ as an $R$-module. Then $R$ is free of rank $1$ with basis $\{\text{id}_{V}\}$. Now define a map $\phi$ as follows:
where $f_i: V \to \mathbb Z$ for each $f\in R$ are linear maps. Then $\phi$ is an isomorphism of $R$-modules.
Can I conclude as follows?
(1) Since $\phi$ is an isomorphism of $R$-modules we have $R\cong R^2$.
(2) Due to (1) we have $R^n\cong R^m$ for any $n,m\in\mathbb N$.
(3) Due to (2) we have that $R$ as an $R$-module is free of rank $k$ for any $k\in\mathbb N$.