How to distribute ln into right side of this equation

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once i get ln on both sides, I'm then supposed to differentiate both sides...but I won't be able to properly differentiate if ln is not applied.

Does ln get applied to the 976, (-1) and 176t? How?
 
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You can use the chain rule here.

Treat 976[ (.835)^t - 1] + 176t as a function of t. Then your equation becomes ln( f(t) ). And you can use the chain rule to determine the derivative.
 
To answer the question in your title, you can't "distribute" ln into a sum, because ln is not a factor.

Distributive property: a(b + c) = ab + ac

BUT
cos(b + c) ≠ cos(b) + cos(c)
ln(b + c) ≠ ln(b) + ln(c)
√(b + c) ≠ √b + √c

cos, ln, and √ are functions - there is no distributive property for functions.