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.
Using the effective annual rate calculator you can find the following. At 7.24% compounded 4 times per year the effective annual rate calculated is. i = (1 + r/m) m - 1 = (1 + 0.0724/4)^4 - 1 = 0.07439 or I = 7.4389%. At 7.18% compounded 52 times per year the effective annual rate calculated is.