[tex]S = a+ar+ar^2+\cdot\cdot\cdot +ar^{n}[/tex][tex]rS = ar+ar^2 ar^3 +\cdot\cdot\cdot +ar^{n} + ar^{n+1}[/tex]
[tex]rS - S = ar^{n+1} - a[/tex]
[tex]S = a\frac{r^{n+1} - 1}{r-1}[/tex]
For the general case it's
[tex]ar^{c} + \cdot\cdot\cdot +ar^{n}=a\frac{r^{n+1} - r^{c}}{r-1}[/tex]
Where n>c
c is lowest power of the sum and n the highest.
In your case, the formula would be
[tex]\frac{2^{-1+1} - 2^{n}}{1}[/tex]
[tex]1 - 2^{n}[/tex]
2^n is always a positive integrer, thus the sum is alwasy inferior to 1.