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:

R1	=	1.25	%
E(2r1)	=	2.40	%	L2	=	0.04	%
E(3r1)	=	2.50	%	L3	=	0.08	%
E(4r1)	=	2.80	%	L4	=	0.10	%

Using the liquidity premium theory, determine the current (long-term) rates. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

year 1 %

year 2 %

year 3 %

year 4 %