We must often come up with an initial estimate of the losses from our accidents.  This initial estimate is often not the actual amount of the losses since we do not have all the information available to determine the actual cost to cover property or injury damages.  However, as time passes, we obtain more information and we are able to come up with better estimates.  The following pattern has been observed over the past 4 years:

In this example, assume that our estimate of losses for year 2012 will grow similar to years 2009, 2010 and 2011.  What will our estimate of losses for year 2012 be after 1 year has passed?  What will our estimate of losses for year 2012 be after 2 years have passed?  Show all work.