Power of matrix expansion

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We know about the expansion $(a+b)^n\tag 1$,for scalar variables.

What will be the equivalent when we want to find

$(A+B)^n \tag 2 $,

when A and B are square matrices? Can we treat it as same as (1) expression?. Is there any equivalent expression for it?

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If $AB=BA$ we have $(A+B)^n=\sum_{k=0}^nC_n^kA^kB^{n-k}$ for the proof see here