As a financial expert with a deep understanding of currency and its conversion rates, I can provide a detailed answer to your question.
Firstly, it's important to understand that the value of a penny is one cent, and there are 100 cents in a dollar. To find out how many pennies make a million dollars, we need to calculate the total number of cents in a million dollars and then divide by one, since one penny is equal to one cent.
Here's the calculation:
1 million dollars * 100 cents/dollar = 1,000,000 cents
Now, since one penny is one cent:
1,000,000 cents / 1 cent/penny = 1,000,000 pennies
So, it takes
1,000,000 pennies to make a million dollars.
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