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Free iPhone 7 upgrade

For the $650 payments over 24 months after trading in iPhone 6, do you have the keep that iPhone 7 for 2 years or just the line? specifically, if I upgrade now to the 7 and receive monthly payments for a year then sell my iPhone 7 (with Verizon or third party) next year when the new iPhone comes out, do I still receive the rest of the monthly payments for the iPhone 7?

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