Based on economists' forecasts and analysis, $1-$year Treasury bill rates and liquidity premiums for the next four years are expected to

be as follows:

$R_1,=0\mathrm{.}70\%,$

$E(2r_1),=1\mathrm{.}85\%,L_2=0\mathrm{.}05\%$

$E(3r_1),=1\mathrm{.}95\%,L_3=0\mathrm{.}10\%$

$E(4r_1),=2\mathrm{.}25\%,L_4=0\mathrm{.}12\%$

Using the liquidity premium theory, determine the current $($long$-$term$)$ rates. $($Do not round intermediate calculations. Round your

answers to $2$ decimal places.$)$