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 formula to use when calculating loan payments is M = P * (J / (1 - (1 + J)-N)) . Follow the steps below for a detailed guide to using this formula, or refer to this quick explanation of each variable: 1  M = payment amount. 2  P = principal, meaning the amount of money borrowed. 3  J = effective interest rate.