I honestly don’t know the equation but I just took the starting price, $230,000 and multipled it by .03 which was 6,900 and subtracted that from 230,000: 223,190. I repeated that 5 times. The answer I got is 197,508.83
500? If you're trying to find x...
X = 12, because there is only one answer that has a number bigger than 9 :)