Continued Fractions - Exact Solution

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I'm dealing with the fraction:
1+1
1+1/(1+1)
1+1/(1+1/(1+1))
...

After viewing another similar forum I found that they came up with the equation

(k+or-sqar(k^2+4))/2

Which here is
(1+or-sqar(5))/2

My question is how did they derive that equation?
I need to show proof of that equation working using the fraction...
 
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Call the result x, that is
x = \frac{1}{1 + \frac{1}{1 + \frac{1}{1 + \cdots}}}
Then you recognize x again in the right hand side:
x = \frac{1}{1 + x}
Now solve this for x (it's just a quadratic equation).
 
There are two things I don't understand about this problem. First, when finding the nth root of a number, there should in theory be n solutions. However, the formula produces n+1 roots. Here is how. The first root is simply ##\left(r\right)^{\left(\frac{1}{n}\right)}##. Then you multiply this first root by n additional expressions given by the formula, as you go through k=0,1,...n-1. So you end up with n+1 roots, which cannot be correct. Let me illustrate what I mean. For this...
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