6) Tim has $100 in a bank account paying 2% interest per year. At the end of 5 years, Tims bank account balance will be $110 if interest is not compounded, but will be greater than $110 if interest is compounded. Select one: True False

7) The goal of profit maximization focus on the risk of financial decisions. Select one: True False

8) One of the Disadvantages of the Discounted pay back period is that it ignores cash flows occurring after the payback period. Select one: True False