Schwarzschild black holes from matrix theory

We consider matrix theory compactified on T-3 and show that it correctly describes the properties of Schwarzschild black holes in 7 + 1 dimensions, including the mass-entropy relation, the Hawking temperature, and the physical size, up to numerical factors of order unity. The most economical description involves setting the cutoff N in the discretized light-cone quantization to be of order the black hole entropy. A crucial ingredient necessary for our work is the recently proposed equation of state for 3 + 1 dimensional supersymmetric Yang-Mills theory with 16 supercharges. We give detailed arguments for the range of validity of this equation following the methods of Horowitz and Polchinski.