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.
Interest Rates Explained: Nominal, Real, Effective. The term âinterest rateâ is one of the most commonly used phrases in consumer finance and fixed income investments. Of course, there are several types of interest rates: real, nominal, effective, annual and so on.