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 nominal interest is 12% per year, so the nominal. interest rate per 6 mo is 6%. The effective interest rate. per 6 mo. is also 6% since the compounding period. equals to the interest rate period (6 mo.). Chapter 4 Nominal and Effective Interest. Rates 20.