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.
Effective interest rate - Calculation. 1  The effective interest rate is calculated as if compounded annually. 2  For example, a nominal interest rate of 6% compounded monthly is equivalent to an effective interest rate of 6.17%. 3  When the frequency of compounding is increased up to infinity the calculation will be...