What does $500M mean, in an IRA deposit?

Question

What does $500M mean, in an IRA deposit?

Answer 1

$500,000?

Answer 2

it depends on who uses it.

Usually M means thousands  and MM means millions.

Answer 3

Usually M is an abbreviation for thousand (its Latin, like MMVIII is 2008), so $500M would mean $500,000, but it could certainly depend on the context.

Answer 4

It means "million"

Answer 5

$500,000...

M = thousand

Answer 6

Well unless you are depositing $ 500 Million dollars...I would think it refers to a $500.00 " minimum"  deposit ...most funds have $2500. minimum deposit requirements, but relax the requirement if the account is an IRA.

Answer 7

Yes,

But sometimes, it refers to million: $500,000,000

The thousands are symbolized by a K: $500K

But it depends on the context.