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.
10.25%. The Effective Annual Rate (the rate after compounding). The Effective Annual Rate is what actually gets paid! If interest is compounded within the year, the Effective Annual Rate will be higher than the rate mentioned. How much higher depends on the interest rate, and how many times it is compounded within the year.