
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
Ivan Petrovich wants to save money for his retirement in 12 years. He decided to deposit 750,000 rubles in a bank account with an 8 percent annual interest rate. What will be the total amount in the account by the time Ivan Petrovich retires, assuming the interest is compounded annually using the simple interest formula?

Present the answer in LaTex format: \boxed{Your answer}
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