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1-\left(\frac{1}{3}\right)^{1}+2\left(-\frac{1}{2}\right)^{3}
Calculate \frac{3}{5} to the power of 0 and get 1.
1-\frac{1}{3}+2\left(-\frac{1}{2}\right)^{3}
Calculate \frac{1}{3} to the power of 1 and get \frac{1}{3}.
\frac{2}{3}+2\left(-\frac{1}{2}\right)^{3}
Subtract \frac{1}{3} from 1 to get \frac{2}{3}.
\frac{2}{3}+2\left(-\frac{1}{8}\right)
Calculate -\frac{1}{2} to the power of 3 and get -\frac{1}{8}.
\frac{2}{3}-\frac{1}{4}
Multiply 2 and -\frac{1}{8} to get -\frac{1}{4}.
\frac{5}{12}
Subtract \frac{1}{4} from \frac{2}{3} to get \frac{5}{12}.