Suppose that $x_n$ is a sequence of positive numbers and $\lim_{n\to\infty}{\frac{x_{n+1}}{x_n}}<1$. Prove that $x_n\to 0$.
I have an idea of how to prove this but first I need to know if there is the implicit assumption that the limit exists.
If I can use this assumption then I intend to use the definition of the limit to show that there is a number $r$ such that $\lim_{n\to\infty}{\frac{x_{n+1}}{x_n}}<r<1$. If I can choose epsilon to prove this statement then I will be able to write the proof.
Yes, when they say $\lim_{n\to\infty}\frac{x_{n+1}}{x_n} < 1,$ it must mean that the limit exists. Otherwise how could it be less than one?