What's the significance of the Σ(1/pi^n)?

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I was recently interested in the formula

equ 1: $$\sum_{n=0}^∞ 1/2^n$$

This made me curious about:

equ 2: $$\sum_{n=0}^∞ \frac{1}{\pi^n}$$

I found that the second formula converges to 0.466942206924260.

Several google searches later, I couldn't find anything useful that referenced equ 2 beyond these two articles: article 1 and article 2.

Is there anything mathematically meaningful about equ 2 and its value?

By no means am I a mathematician :)

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As mentioned by JMoravitz, the series in question is a geometric series and so its sum has a closed formula: $$ \sum_{n=0}^\infty \frac{1}{\pi^n} = \frac{1}{1-\pi^{-1}} = \frac{\pi}{\pi-1} \approx 0.466942206924260\cdots $$