The interest rate outlook for Montrose Inc., a large, financially sound company, is reflected in the following information.

• The pure rate of interest is 4.1%.
• Inflation is expected to increase in the future from its current low level of 2%. Predicted annual inflation rates are shown in the table.

  Year	Inflation Rate
  1	2%
  2	3
  3	4
  4	5
  5-20	6

• The default risk premium will be 0.2% for one-year debt, but will increase by 0.1% for each additional year of term to a maximum of 1.1%.
• The liquidity premium is zero for one- and two-year debt, 0.5% for three-, four-, and five-year terms, and 1% for longer issues.
• The maturity risk premium is zero for a one-year term and increases by 0.2% for each additional year of term to a maximum of 2%.

1. Use the interest rate model to estimate market rates on the firm's debt securities of the following terms: 1 to 5 years, 10 years, and 20 years. Round your answers to one decimal place.

   Term	k
   1	%
   2	%
   3	%
   4	%
   5	%
   10	%
   20	%