Fractions other than halves, thirds, and quarters are seldom used for large units. The decimal form is much more frequently used.
1 5/8 x 1,000,000 = 1,625,000
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one million five dollars
One quarter is two eighths, so five eighths subtract two eighths is three eighths.
You can write the number "one million five hundred thousand" as: $1,500,000.
1,000,007
One Million Five Hundred and Five Thousand in figures: 1,505,000