Determinants of Interest Rates

The real risk-free rate is 2%. Inflation is expected to be 2% this year, 3% next year, and then 5% thereafter. The maturity risk premium is estimated to be 0.0004 x (t - 1), where t = number of years to maturity. What is the nominal interest rate on a 7-year Treasury security? Round your answer to two decimal places. %