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Is the inverse limit an additive functor in the categories of $R$-mod?

Equivalently, if we have two inverse systems $\{A_i\}$ and $\{B_i\}$ of $R$-modules sharing the same index set, do we have $$ \lim_{\leftarrow} A_i \oplus B_i = \lim_{\leftarrow} A_i \oplus \lim_{\leftarrow} B_i? $$

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