I need to find the value of the following series:
$$ 1+\frac{1}{2^2}+ \frac{1}{4^2}+ \frac{1}{8^2}+\cdots $$
That is $$ 1+ \frac{1}{2^2}+ \frac{1}{(2^2)^2} +\frac {1}{(2^3)^2}+ \cdots$$
It is the summation of a geometric progression where all the terms are squared. I am unable to go further with it.
You're right. You're summing:
$$\sum_{n=0}^\infty{\bigg[\color{green}1\cdot\color{red}{\bigg(\frac14\bigg)}^n\bigg]}=\frac{\color{green}1}{1-\color{red}{\frac14}}=\frac43$$