Use the data on Treasury securities in the table to answer the following question

1 year 0.75%

2 year 1.6%

3 year 2.1%

Assuming that the liquidity premium theory is correct, and that term premium on a 2 year bond is 0.2 and that the term premium on a three year bond is 0.4, what did investors on this day expect the interest rate to be on one-year Treasury bill two years from now? Show your work.