$$\sum_{n=0}^{\infty}\frac 12 \left(\frac14\right)^{n-1}.$$
This is what I tried to do $$\frac 12\sum_{n=0}^\infty \left(\frac14\right)^{n-1} =\frac 12 \sum_{n=0}^\infty \left(-\frac14\right) \left(\frac14\right)^n =-\frac 18\sum_{n=0}^\infty \left(\frac14\right)^n=-\frac 18\cdot \frac1{1-\frac 14}.$$ Final answer: $\frac{-1} 6$
However, when I use online summation calculators, $2.66667$ is the answer.
What am I doing wrong?
Your second step is flawed, $a^{n-1} \neq (-a)a^n$.
We have $a^{n-1} = \frac{1}{a}a^n$, so your second step should read:
$$\frac{1}{2} \sum_{n=0}^\infty4 \left(\frac{1}{4}\right)^n$$