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Verizon will let you pay off this phone over 24 months - interest free. So divide whatever the cost of the phone is by 24 and that will be your monthly cost for the phone. Add to that whatever you're paying per month for the wireless service itself and that will be your total monthly cost. There is also a one time $40 set up charge. Once the phone is paid off, you own the phone, and you'll only be paying for the wireless service.
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