Step 1 :Given that \(\sin(x) = \frac{1}{3}\) and \(\sec(y) = \frac{5}{4}\), we can find \(\cos(x)\), \(\cos(y)\), and \(\sin(y)\) using the trigonometric identities.
Step 2 :Using the identity \(\cos(x+y) = \cos(x)\cos(y) - \sin(x)\sin(y)\), we can plug in the values we found to get \(\cos(x+y)\approx 0.5542\).
Step 3 :\boxed{0.5542}