As a financial expert with a deep understanding of currency and its conversion rates, I can provide a detailed answer to your question.
In the United States, the penny is the smallest denomination of currency. One penny is equivalent to one cent, and there are 100 cents in a dollar. To calculate the number of pennies needed to make a million dollars, you would first convert the million dollars into cents:
1,000,000 dollars * 100 cents/dollar = 100,000,000 cents
Since one penny is equal to one cent, you would then take the total number of cents and divide it by the value of one penny:
100,000,000 cents / 1 cent/penny = 100,000,000 pennies
So, you would need 100,000,000 pennies to make a million dollars.
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