http://openlibrary.org/b/OL8430620M/Pi-to-Two-Million-Places
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pi*10-8
(pi)0.00000001 = approx. 1.000000011 (rounded)
It is in the ten millionth place. The place value is the value of the digit according to its placement.
Not sure about milloin, but the millionth digit of pi is 5.