Based on economists forecasts and analysis,one-year T-bill rates and liquidity premiums for the next four years are expected to be as follows:

1^R1 + .40%

E( 2^r1) = .69% L₂ = 0.04%

E( 3^r1) = .79% L₃ = 0.11%

E( 4^r1) = 1.09% L₄ = 0.12%

Calculate the four annual rates.