No; a quarter million would be a million divided by 4. Or, to put it bluntly, 250,000, five times the $50,000 in the question.
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One and three quarter million dollars = 1.75 million dollars
A quarter of a million = 250,000.
Three quarters of a million dollars is $750,000.
It is 350 million dollars.
$2,250,000.00