a. Joe creates a fund he calls the Lottery Fund. Every year this fund will give $1,000,000 to an individual living within one square mile of Joe's home. Joe plans to invest the fund at 13%, compounded annually. The first lottery will be drawn one year from today. How much will Joe need to create the Lottery Fund? (1 mark) Number b. What would your answer be if instead, the Lottery Fund picks its first winner today? (1 mark) Number