Joe expects to graduate from WSU in December 2019 and immediately take a full-time job in his family's construction firm. At that time, Joe could buy a new car using a loan requiring payments of $490 a month for six years, with the first payment being made on February 1,2020, and the last payment being made on January 1, 2026. The nominal annual interest rate will be %, cCompounded monthly. Being forward thinking, Joe instead wants to buy the car for cash in January 2020, right after he graduates. With that in mind, he started saving $400/month with the first deposit on February 1, 2015. The savings account pays 9% nominal interest Compounded monthly. The last deposit will be made on January 1, 2020. Will Joe have saved up enough money to purchase the car for cash in January 2020?