On Wikipedia, it says that $\lim_{n\to\infty}(1+\frac{1}{n})^n = e$ :
It [e] is approximately equal to 2.71828,[1] and is the limit of (1 + 1/n)n as n approaches infinity, ... (Source)
When I evaluate $(1+\frac{1}{n})^n$ for $n = 10^8$, I get approximately $2.718281798347$ which indeed is pretty close to $e$.
But when I try to "solve" the limit using the laws of limits, I get
$$\lim_{n\to\infty}\left(1+\frac{1}{n}\right)^n = \left(\lim_{n\to\infty}\left(1+\frac{1}{n}\right)\right)^n$$
because of the power law
$$ = \left(\lim_{n\to\infty}(1)+\lim_{n\to\infty}\left(\frac{1}{n}\right)\right)^n$$
because of the addition law
$$=\left(1+0\right)^n = 1$$
but that would mean that $e=1$, which is obviously not true.
What am I missing / doing wrong?
Thanks in advance.