Show that $A$ is invertible where $\left\lVert I - A \right\rVert < 1$ Let $A \in \mathbb{R}^{n \times n}$ be a real $n \times n$ matrix such that $$\left\lVert I - A \right\rVert < 1$$ where $I$ is the identity matrix and $\left\lVert A \right\rVert = \sup_{x \in \mathbb{R}^n \\x \neq 0} \frac{\left\lVert Ax \right\rVert}{\left\lVert x \right\rVert}$. I need to show that $A$ is invertible. 
I'm not sure how to proceed here. I was thinking that since $\left\lVert I - A \right\rVert < 1$, I could use the fact that $A$ is a Lipschitz continuous function with Lipschitz constant $\left\lVert A \right\rVert_{\text{Lip}} < 1$, i.e., $A$ is a contraction. Since $A$ is a contraction and $\mathbb{R}^{n \times n}$ is complete, then by the Banach Fixed Point Theorem, $A$ has a fixed point. But I'm not sure how this would show that $A$ is invertible or if this is the right track. 
 A: Lemma: Let $B \in \mathbb{R}^{n \times n}$. If $\Vert B \Vert <1$, then $I-B$ is invertible and $$(I-B)^{-1}=\sum_{k=0}^{\infty} B^k.$$
Proof: Since $\Vert B^k \Vert \leq \Vert B \Vert^k$, $\forall k \in \mathbb{Z}^+$, then the series $$S=\sum_{k=0}^{\infty} B^k$$ is absolutely convergent (hence, convergent). Let $S_m:=\displaystyle \sum_{k=0}^m B^k$ (observe that $(S_m)$ is a convergent sequence and $S_m \to S$). Notice that $$(I-B)S_m=\sum_{k=0}^m (B^k-B^{k+1})=I-B^{m+1}.$$ Also, $$\Vert (I-B^{m+1})-I \Vert=\Vert B^{m+1}\Vert \leq \Vert B \Vert^{m+1} \to 0$$ when $m \to \infty$. Therefore $$(I-B)S=\lim_{m \to \infty} (I-B)S_m=I.$$ The proof of $S(I-B)=I$ is analougous. $\mathtt{Q.E.D}$ 
Just put $B:=I-A$ and you're done!
A: Set
$B = I - A; \tag 1$
then
$\Vert B \Vert = \Vert I - A \Vert < 1; \tag 2$
thus the infinite sequence
$S_n = \sum_0^n B^i \tag 3$
satisfies, for $m > n$,  
$\Vert S_m - S_n \Vert = \Vert \sum_{n + 1}^m B^i \Vert \le \sum_{n + 1}^m \Vert B \Vert^i = \Vert B \Vert^{n + 1} \sum_0^{m - n- 1} \Vert B \Vert^i \le \Vert B \Vert^{n + 1} \sum_0^\infty \Vert B \Vert^i = \dfrac{\Vert B \Vert^{n + 1}}{1 - \Vert B \Vert},  \tag 4$
which shows that for $n$ sufficiently large, $\Vert S_n - S_m \Vert$ may be made arbitrarily small; thus the sequence $S_n$ is Cauchy and hence has a limit.  Since
$(I - B) \sum_0^n B^i = I - B^{n + 1}, \tag 5$
letting $n \to \infty$ we conclude that
$(I - B)\sum_0^\infty B^i = I, \tag 6$
from which it follows that $A = 1 - B$ is invertible with inverse
$\sum_0^\infty B^i = \sum_0^\infty (I - A)^i. \tag 7$
