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	=	1.85	%
E(2r1)	=	2.75	%	L2	=	0.06	%
E(3r1)	=	3.15	%	L3	=	0.08	%
E(4r1)	=	3.60	%	L4	=	0.13	%

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

Years/Current (long-Term) Rates

1

2

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4