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 amount function for compound interest is an exponential function in terms of time. = 1  Total time in years. = 2  Number of compounding periods per year (note that the total number of compounding periods is). = 3  Nominal annual interest rate expressed as a decimal.