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.
1 The Cash account will be credited for $4,500 on each of these dates.  The effective interest rate is the market interest rate on the date that the bonds were issued. In our example the market interest rate on January 1, 2015 was 5% per semiannual period for 10 semiannual periods.