Dalip bought a car for \( \$ 24,231 \). He has already paid \( \$ 13,494 \). He wants to pay off the car in 18 months and make equal payments. How much will Dalip pay each month? Each payment would need to be \( \$ \). (Round to thenearest cent as needed.)

To find out how much Dalip will pay each month, we can use the formula for equal payments: \[ \text{Equal Payment} = \frac{\text{Total Amount Owed}}{\text{Number of Payments}} \] Given: - Total amount owed: $24,231 - $13,494 = $10,737 - Number of payments: 18 months Substitute the values into the formula: \[ \text{Equal Payment} = \frac{10737}{18} \] Now, we can calculate the equal payment amount. Calculate the value by following steps: - step0: Calculate: \(\frac{10737}{18}\) - step1: Reduce the fraction: \(\frac{1193}{2}\) Dalip will pay $596.50 each month to pay off the car in 18 months with equal payments.