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 is always calculated as if compounded annually. The effective. rate is calculated in the following way, where. i e is the effective rate, r the nominal rate (as a decimal, e.g. 12% = 0.12), and â m â the number of compounding periods per year (for example, 12 for monthly compounding):