The future value (FV) is the value that a certain amount of money that we currently hold or that we decide to invest in a certain project will have in the future. The future value (FV) allows us to calculate how the value of the money that we currently have (today) will change considering the different investment alternatives that we have available. In order to calculate the FV we need to know the value of our money at the current moment and the interest rate that will be applied in the coming periods.

Independence of Chile: Political and military process that allowed Chile to be liberated from Spanish domination at the beginning of the 19th century. The political and military process that freed Chile from Spanish domination at the beginning of the 19th century is known as Independence of Chile. Chile was part of the Spanish Empire since the mid-16th century, when the conqueror Pedro de Valdivia occupied the central valley and founded the city of Santiago in 1541.