My first step would be to try to identify what kind of series this is, based on the types of series that you know and have studied in your class.
Presumably you are familiar with the geometric series:
\sum_{k=0}^{\infty} x^k = \frac{1}{1-x}, |x| < 1
Geometric series are easy to identify and easy to evaluate.
If that doesn't work, try to identify the series as the Taylor series of some function or another.
It's probably useful to make sure you have a clear understanding of a) how to expand a function in a Taylor series and b) know the Taylor series for some common functions, such as ln (1+x), e^x, \sin x, \cos x, etc.
Usually if there's a factorial in the denominator, it's a Taylor series.
There are also some other notable series results, such as:
\sum_{k=1}^{\infty} \frac{1}{k^2} = \frac{\pi^2}{6} and the like.
Among these three categories, I would imagine that you'll find almost all the series that you would be asked on a second-semester calculus exam. Maybe I've missed something and other commentors will point it out.
In any event, the series you ask about is covered somewhere in the above. :)