Estimate the magnitude of the error involved in using the sum of the first two terms to approximate the sum of the entire series
summation from n equals 1 to infinity left parenthesis negative 1 right parenthesis superscript n plus 1 baseline startfraction left parenthesis 0.08 right parenthesis superscript n over n endfraction
A 40% discount means that 40% will be off, meaning you won't have to pay 40% of the original price. Therefore, you only pay 60% of the original price (100% - 40% = 60%).