You want to purchase a house in 10 years you estimate the cost will be 184,500 you want to make a 20% down payment and pay closing costs which are 8.5% how much do you need to save each month to reach your goal

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!