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 Effective Annual Interest Rate Calculation: Suppose you have an investment account with a Stated Rate of 7% compounded monthly then the Effective Annual Interest Rate will be about 7.23%. Further, you want to know what your return will be in 5 years.