 Powers of the identity plus a square-zero matrix

The binomial theorem for the commuting matrices $I,N$ proves the formula for nonnegative integers: every term containing $N^2$ vanishes. Since $(I+N)(I-N)=I$, the matrix inverse is $I-N$; applying the same argument to its powers gives the negative integers as well. The same identity shows that $I+N$ is invertible even when the nilpotent matrix $N$ is nonzero. In dimension two, the example $N=\left(\begin{array}{cc}0& p\\ 0& 0\end{array}\right)$ describes repeated shear mappings, whose displacement parameters add under composition.