I found the line of intersection of two planes and found the parametric equations for that line of intersection.
But how do I find a point on that line of intersection that is closest to a certain point that is given to me in the problem?
For example my parametric equations I found for the line of intersection of the planes, 2x + 10y + 2z= -2 and 4x + 2y - 5z = -4 are
x=-2-6t y=2t z=-4t
and I need to find a point one the line of intersection that is closest to point (12,14,0).
Would I need to use lagrange multipliers?
No, you wouldn't need to use Lagrange multipliers.
Find $t$ that minimizes the square of the distance from $(-2-6t,2t,-4t)$ to $(12,14,0)$,
which is $(-2-6t-12)^2+(2t-14)^2+(-4t)^2=56(t+1)^2+336$,
which is minimized when $t=-1$.