Choose any algebra norm $||.||$ and if $||A||<1$ then the geometric series
$$\sum_{k=0}^\infty ||A||^k$$
is convergent so the series $\displaystyle\sum_{k=0}^\infty A^k$ is normal convergent and then it's convergent.
One possible method to calulate the limit: let $\pi_A$ the minimal polynomial of $A$ and by the Euclidean division we have
$$x^k=Q(x)\pi_A(x)+R_k(x)$$
with $\deg(R_k)<\deg(\pi_A)$
and we have $$\sum_{k=0}^\infty A^k=\sum_{k=0}^\infty R_k(A)$$
and the last sum is more simple to calculate.
Added
In our case, the matrix $A$ is triangular and since $(A+\frac{1}{2}I_3)(A-\frac{1}{3}I_3)\neq0$ so we can see easly that the minimal polynomial is
$$\pi_A(x)=\frac{1}{12}(3x-1)(2x+1)^2$$
hence in the Euclidean division the remainder polynomial is
$$R_k(x)=a_k x^2+b_k x+c_k$$
and we have
$$\begin{align}\\
\left(\frac{1}{3}\right)^k&=a_k/9+b_k/3+c_k\\
\left(\frac{1}{2}\right)^k&=a_k/4-b_k/2+c_k\\
k\left(\frac{-1}{2}\right)^{k-1}&=-a_k+b_k\\
\end{align}$$
so we solve the above system for $a_k,b_k$ and $c_k$ and finally we find
$$\sum_{k=0}^\infty A^k=\left(\sum_{k=0}^\infty a_k\right)A^2+\left(\sum_{k=0}^\infty b_k\right)A+\left(\sum_{k=0}^\infty c_k\right)I_3$$