The number e is the least upper bound of the sequence at which you are looking.
The argument to prove boundedness is too long to write here.
It involves the inequality (1+a)k>1+ka for every integer k>1 and real number a>-1 but a not 0.
You can probably find the derivation on line; I have it in an old calculus textbook by Johnson & Kiokemesiter.

Paul M.
10/20/20
Ashley P.
Thank you very much for the response. Yes I Googled the proof and found the same as the one which you've stated. Just to clarify, does taking limit of the general term(say n th term) of the sequence, as n tends to infinity, always return the highest possible value for a sequence?10/20/20