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I need to evaluate the sum: can someone help?

The series is as follows: $ \frac 14 - \frac {1}{2(4)^2} + \frac{1}{3(4)^3} - \cdots + \frac{(-1)^{(x+1)}}{x(4)^x} $

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This is $log(1+1/4)$. You can use the power series of logarithms to obtain it.

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    @mc1 Check out http://en.wikipedia.org/wiki/Taylor_series and read the section on the Taylor series for log2012-11-22
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We know, $\sum_{0\le s\le n-1}y^s=\frac{y^n-1}{y-1}$

Integrating either sides wrt $y$, we get $\sum_{1\le r\le n}\frac{y^r}r=\int \left(\frac{y^n-1}{y-1}\right) dy$

If $\sum_{1\le r\le n}\frac{y^r}r=S(y,n),$

$\frac 14 - \frac {1}{2(4)^2} + \frac{1}{3(4)^3} - \cdots + \frac{(-1)^{(x+1)}}{x(4)^x}=-S(-\frac14, x+1)$

The formula for the general summation is explained here.