Let $E$ be a Banach Algebra with identity, and $v\in E$, so that $||v|| < 1$. The geometric series $w = \sum_{k=0}^\infty v^k$ converges in the norm.
I can show that $||w|| \le \frac{1}{1-||v||}$, but does the equality hold? If it holds, how can I show this? If it doesn't hold, are there counterexamples?
$$\sum_{k=0}^\infty (-\tfrac{e}{2})^k = \left(\sum_{k=0}^\infty (-\tfrac{1}{2})^k\right)e = \frac{1}{1-\left(-\frac{1}{2}\right)}e = \tfrac{2}{3}e $$ because it's just a regular geometric series of real numbers times $e$, while $\frac{1}{1-\lVert -\frac{e}{2} \rVert} = 2$.
(Much belated) edit: corrected the summation.