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.
The effective interest rate (EIR) displayed in the CALCULATOR is for the 360 day year mode only. The EIR will not change when you change the days per year from 360 to 365. In the calculator the effective interest rate is displayed to the right of the annual interest rate, 6% and 6.1677% respectively.