Tensors of type $(r,s)$ in relation to tensor algebra $T(V)$

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According to the following blog-post, https://unapologetic.wordpress.com/2011/07/06/tensor-bundles/

The vector space $V$ and its dual $V*$ are combined to form the “tensors of type $(r,s)$”:

$\displaystyle T^r_s(V)=V\otimes\dots\otimes V\otimes V^*\otimes\dots\otimes V^*$

I'm curious as to whether there exists a relationship between $T^r_s(V)$ and the tensor algebra $T(V)$ (or $k$-th tensor power $T^k{V}$).

The wiki article https://en.wikipedia.org/wiki/Tensor_algebra defines the tensor algebra as follows:

$T(V)= \bigoplus_{k=0}^\infty T^kV = K\oplus V \oplus (V\otimes V) \oplus (V\otimes V\otimes V) \oplus \cdots.$

Following the previous trends of direct sum, do any relationships like these exist:

$T^k(V)=\bigoplus_{r+s=k}^k T^r_s(V)$

and,

$T(V)=\bigoplus_{r,s=0}^\infty T^r_s(V)$, with $r,s\in\mathbb{N_0}$

Any additional clarity would be greatly appreciated!