What is a Mill and how is it used
A mill is one-thousandth of one dollar. Just as you would write$1.00 for one dollar; and $.10 for a dime, or one-tenth of a dollar;or $.01 for a penny, or one-hundredth of a dollar; you would write.001, or one-thousandth of a dollar, for one (1) mill. When you hearthe expression 54.5 mills, that is the […]
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