I have seen a financial state document indicating

"$950MM."

I know MM means "x1 million" or adding 6 zeros.

Can anyone explain why M is DOUBLED??

For instance, in the case "x 1 thousand" or adding 3 zeros, we onlyd add one K: such as "$950K" (= 950 thousand dollars.)

"$950MM."

I know MM means "x1 million" or adding 6 zeros.

Can anyone explain why M is DOUBLED??

For instance, in the case "x 1 thousand" or adding 3 zeros, we onlyd add one K: such as "$950K" (= 950 thousand dollars.)