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Please be advise under this promotion the trade-in value of $265 will be applied as bill credit that you can use to pay your monthly bill and then the remaining credit for $565 will be divided into 24 months which you can receive a monthly credit under promotion towards your new iPhone for $23.54 Which means from $31.25 monthly of the new iPhone 15 pro max it will lower down after promotion credit for $23.54 to only for $7.70 for 24 months Rest assured that the total credit applied on the account is for $830