how to simplify this expression so that I get an expression only?
when $t = 1, 2,.... $
$$y = \sum _{t=1}^{\infty }\:\frac{\left(1+g\right)^{ \lceil t/2\rceil}}{\left(1+k\right)^t}$$
I know that for t = 1, $\lceil \frac{t}{2}\rceil$ = 1
for t = 2, $\lceil \frac{2}{2}\rceil$ = 1
for t = 3, $\lceil \frac{3}{2}\rceil$ = 2
for t = 4, $\lceil \frac{4}{2}\rceil$ = 2
so in general $\lceil \frac{t}{2}\rceil = \frac{t}{2}$ if t is even, and $\lceil \frac{t}{2}\rceil = \frac{t+1}{2}$, if $t$ ia odd. And I can split this expression into two parts the even part and the odd part. The problem I am facing is I dont know how that affect the summation symbol, should I let $t = 2k$, and substitute $t = 2k$ for the even part and sub that into the summation and the t at the denominator?
EDIT: (continuing from @mag's suggestion)
$\sum _{t=1}^{\infty }\:\frac{\left(1+g\right)^{ \lceil \frac{t}{2}\rceil}}{\left(1+k\right)^t}$
$=\sum _{n=1}^{\infty }\:\frac{\left(1+g\right)^{\lceil n\rceil}}{\left(1+k\right)^{2n}}+\frac{\left(1+g\right)^{ \lceil\frac{2n-1}{2}\rceil}}{\left(1+k\right)^{2n-1}}$
$=\sum _{n=1}^{\infty }\:\frac{\left(1+g\right)^{n}}{\left(1+k\right)^{2n}} + \sum _{n=1}^{\infty }(\frac{\left(1+g\right)^{ n}}{\left(1+k\right)^{2n}} \times \frac{1}{\left(1+k\right)^{-1}})$
$= (1 + \frac{1}{\left(1+k\right)^{-1}}) \sum _{n=1}^{\infty }\:\frac{\left(1+g\right)^{n}}{\left(1+k\right)^{2n}} $
using the geometric sum to infinity formula: $$ \sum _{k=1}^{\infty }\: ar^{k-1} = \frac{a}{1-r}$$
and given that
$(\frac{1+g}{(1+k)^2})^{-1}\times(\frac{1+g}{(1+k)^2}) = 1$
$= (1 + \frac{1}{\left(1+k\right)^{-1}}) \sum _{n=1}^{\infty }\:\frac{\left(1+g\right)^{n}}{\left(1+k\right)^{2n}} \times (\frac{1+g}{(1+k)^2})^{-1}\times(\frac{1+g}{(1+k)^2})$
$= (1 + \frac{1}{\left(1+k\right)^{-1}}) \sum _{n=1}^{\infty }\:(\frac{\left(1+g\right)}{\left(1+k\right)^{2}})^n \times (\frac{1+g}{(1+k)^2})^{-1}\times(\frac{1+g}{(1+k)^2})$
$= (\frac{1+g}{(1+k)^2})(1 + \frac{1}{\left(1+k\right)^{-1}}) \sum _{k=1}^{\infty }\: 1 \times (\frac{1+g}{(1+k)^2})^{n-1}$
where $r = \frac{1+g}{(1+k)^2}$ and $a = 1$
and applying the formula:
$= (\frac{1+g}{(1+k)^2})(1 + \frac{1}{\left(1+k\right)^{-1}}) \times \frac{1}{1- (\frac{1+g}{(1+k)^2})}$
I can try to simplify even more but just wanted to make sure I am on the right track, especially in terms of applying the infinite geometric sum formula.
There is also another part of the question which is that what is the condition of g so that $y$ is finite. In this case, since $|r| < 1$
$r = \frac{1+g}{(1+k)^2} < 1$
$g < k(k+2)$
Yes, what you're describing is (almost) correct. Just be carefull as $k$ is already a variable in your calculation you have to substitute with a "free" variable like $t=2n$ for the even part and $t=2n-1$ for the odd part. $$\sum _{t=1}^{\infty }\:\frac{\left(1+g\right)^{ \lceil \frac{t}{2}\rceil}}{\left(1+k\right)^t}=\sum _{n=1}^{\infty }\:\frac{\left(1+g\right)^{\lceil n\rceil}}{\left(1+k\right)^{2n}}+\frac{\left(1+g\right)^{ \lceil\frac{2n-1}{2}\rceil}}{\left(1+k\right)^{2n-1}}$$ By using $\lceil\frac{2n-1}{2}\rceil=n$ you have simplified the ceil symbol.