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 has nothing to do with the interest rates used to project the cash flow, only those used to discount the cash flow. In these examples, note that how one gets $X or $Y is not taken into account in calculating the Funding Target or the effective interest rate. I hope this helps.