Why does the following hold:
\begin{equation*} \displaystyle \sum\limits_{n=0}^{\infty} 0.7^n=\frac{1}{1-0.7} = 10/3 ? \end{equation*}\begin{equation*} \displaystyle \sum\limits_{n=0}^{\infty} 0.7^n=\frac{1}{1-0.7} = 10/3\quad ? \end{equation*}
Can we generalize the above to
$\displaystyle \sum_{n=0}^{\infty} x^n = \frac{1}{1-x}$ ?
Are there some values of $x$ for which the above formula is invalid?
What about if we take only a finite number of terms? Is there a simpler formula?
$\displaystyle \sum_{n=0}^{N} x^n$
Is there a name for such a sequence?
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