
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
A 2% late charge was added to John's bill on the 30th day past its due date. The same late charge was applied again every subsequent 30 days for a total of three times. Additionally, John's bill was subject to an annual interest rate of 5% compounded yearly, applied at the end of one year. John's original bill was $500. What is the total amount due on his bill at the end of one year?

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