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An infinite geometric progression
    a, ar, ar^2, ar^3, . . . 
has a sum if and only if its common ratio "r"  has the modulus (= the absolute value)  |r| less than 1:  |r| < 1.
In your case  r = 4x,  so the condition that this geometric series does converge is
|4x| < 1,   or,  equivalently,   |x| < 
,   or  -0.25 < r < 0.25.