
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
Xiao Zhang plans to take a loan of 500,000 yuan from CCB at the beginning of 2001 to buy a house. The annual interest rate of the bank loan is 4%, calculated with compound interest. It is required to repay the loan in full over 10 years, with equal payments at the end of each year and once a year. What is the minimum amount of money that needs to be repaid each year (rounded to two decimal places)? (Hint: $(1+4\%)^{10} \approx 1.48$)

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