Perjury is considered a serious offense as it can be used to usurp the power of the courts, resulting in miscarriages of justice. In the United States, for example, the general perjury statute under Federal law classifies perjury as a felony and provides for a prison sentence of up to five years.
Effective interest rate for t periods, i t = (1 + i) t - 1 or as one equation i t = (1 + (r / m)) mt - 1. The rate per compounding period P = R / m, in percent.
Example: If your annuity becomes effective in December, you will receive prorated 5% interest for eleven months, or 4.583%. Therefore, in any year in which the actual Core effective rate is less than 4.6%, eleven months of prorated 5% interest would be higher than the actual Core effective rate interest for that year.