<s>[INST] Compute power of a matrix $A$ as $n\rightarrow \infty$ We are given $A^p=A ...A$(p times)
And we are given matrix A:
$A=\begin{vmatrix}0.6&-0.4&0\\-0.4&0.6&0\\0&0&0.5\end{vmatrix}$
I need to compute $A^p$ as p approach Infinity.
By some calculations results that the values of matrix A get always close to $0$ as n grows to infinity, but i actually need a proof(something concrete).
In the web i found a person saying that:

The usual technique for doing this (in cases where the limit exists) is to diagonalise the matrix. If $A=P^{-1}DP$ ￼, where $P$ is invertible and $D$ is the diagonal matrix whose entries are the eigenvalues of $A$, then $A^n=p^{-1}D^nP$￼. The matrix $D^n$ is easy to compute: it is diagonal, and its entries are those of $D$ raised to the power $n$. The limit matrix will only exist if all the eigenvalues are either $1$ or have absolute value less than $1$. In that case, $D^n$ will converge to a limit matrix $D_0$, and $A^n$ will converge to $P^{-1}D_0P$ ￼.

Now i will compute the Eigenvalues of my matrix:
$(0.6-\lambda)^3-0.08+0.16\lambda=(\lambda^2-1.2λ+0.02)(0.5-\lambda)=(0.02λ-0.2)(5\lambda-1)(0.5-\lambda)$
Therefore:
$\lambda_1= 1.$
$\lambda_2 = 0.5 $
$\lambda_3 = 0.2 $
But from now on I'm stuck.
 [/INST] Everything is in the passage you quoted.
THe matrix $A$ has three distinct real eigenvalues, hence it is diagonalisable:
 $A=PDP^{-1}$, where $D$ is a digonal matrix with eigenvalues of $A$ and $P$ is a matrix whose columns are eigenvectors of $A$.
In your case it easy to find these eigenvectors: $(1,-1,0)^T$ corresponds to $\lambda_1=1$, $(1,1,0)^T$ corresponds to $\lambda_2=0.2$ and $(0,0,1)^T$ corresponds to $\lambda_3=0.5$. In other words, $D=\begin{pmatrix}1&0&0\\
0&0.2&0\\
0&0&0.5\end{pmatrix}$ and $P=\begin{pmatrix}1&1&0\\
-1&1&0\\
0&0&1\end{pmatrix}$.
Now we can say that $$A^N=PD^NP^{-1} = P\begin{pmatrix}1^N&0&0\\
0&0.2^N&0\\
0&0&0.5^N\end{pmatrix}P^{-1}\to P\begin{pmatrix}1&0&0\\
0&0&0\\
0&0&0\end{pmatrix}P^{-1}$$
$$=\frac 12\begin{pmatrix}1&1&0\\
-1&1&0\\
0&0&1\end{pmatrix}\begin{pmatrix}1&0&0\\
0&0&0\\
0&0&0\end{pmatrix}\begin{pmatrix}1&-1&0\\
1&1&0\\
0&0&1\end{pmatrix}=\frac 12 \begin{pmatrix}1&-1&0\\
-1&1&0\\
0&0&0\end{pmatrix}$$
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