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Phil invested in the stock of a Mexican pipeline company. He purchased the shares in 2005 for $25/share. He sold his shares in 2015 for $50/share. What annualized rate of return did Phil earn on this investment over the 10 year period? 7.17% 8.63% 25.24% 100% Question 9 (1 point) Alfred is taking out a $150,000, 30-year, fixed-rate mortgage at an interest rate of 4%. How much of the 10th payment will go towards principal (repayment of the loan)? $222.69 $493.43 $308.35 $716.13 Question 12 (1 point) A common rule of thumb is that Closing Costs (including points) are approximately 5-7% of the mortgage value. True False uestion 13 (1 point) The maximum loan-to-value ratio for a conventional mortgage is 80% False