Doubt regarding a famous question of linear algebra

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There is a famous question from the book on Linear Algebra by Friedberg which says:

Let $V$ be a finite-dimensional vector space, and let $T: V → V$ be linear. Prove that $V = R(T^k) \oplus N(T^k)$ for some positive integer $k$.

My answer :

I first observed that for $n \in \mathbb{N}$, $$R(T^{n+1}) = T^{n+1}(V) = T^n(T(V)) = T^n(R(T)) \subseteq T^n(V) = R(T^n)$$ So, $R(T^{n+1}) \subseteq R(T^n) \ \ \forall \ n \in \mathbb{N}$ and hence $rank(T) \geq rank(T^2) \geq rank(T^3) \geq \cdots$.

So, as rank of a transformation must be a natural number, this implies that

$\exists \ \ k \in \mathbb{N}$ such that $\ rank(T^m) = rank(T^k) \ \ \forall \ \ m \geq k$

$\implies rank (T^k) = rank(T^{2k})$.

Now we know:

  • for $U : X \to Y$, $rank (U) = rank(U^{2}) \implies X = R(U) \oplus N(U)$
  • and $T^k : R(T^{k-1}) \to V$

Hence, we get : $R(T^{k-1}) = R(T^k) \oplus N(T^k)$

My doubt :

What am I missing here ? How am I supposed to get $V = R(T^k) \oplus N(T^k)$ ?

P.S. Doubt cleared :

See the discussion in the comment box.