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.
Compound Interest Formula. where P is the starting principal, r is the annual interest rate, Y is the number of years invested, and n is the number of compounding periods per year.FV is the future value, meaning the amount the principal grows to after Y years.ompound Interest Formula. where P is the starting principal, r is the annual interest rate, Y is the number of years invested, and n is the number of compounding periods per year.