
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
Peter Petrovich decided to save money for his retirement in 15 years. He deposited 800,000 rubles in a bank at an annual interest rate of 7%. Find the amount that will accumulate in the bank account by the time Peter Petrovich retires, if the interest is calculated annually using the simple interest formula.

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