# Math question: What is my my ETF if I cancel during the 19th month of 2-year contract?

#### centerwaters

##### Well-known member
I have a math question. I've never been very good at math, so I'd like some help.

This is taken from Verizon. Under ETF, it says:

" If your contract term results from your purchase of an advanced device on or after November 14, 2014, your early termination fee will be \$350, which will decline by \$10 per month upon completion of months 7–17, \$20 per month upon completion of months 18–22, \$60 upon completion of month 23 and will be \$0 upon completion of the contract term.
Customer Agreement | Verizon Wireless

It's this sentence that got me confused: " decline by..... \$20 per month upon completion of months 18–22"

Based on that, are the following correct?

(month cancelled, ETF owed)
01 \$350
02 \$350
03 \$350
04 \$350
05 \$350
06 \$350
07 \$340
08 \$330
09 \$320
10 \$310
11 \$300
12 \$290
13 \$280
14 \$270
15 \$260
16 \$250
17 \$240
18 \$220
19 \$200
20 \$180
21 \$160
22 \$140
23 \$120
24 \$60

#### anon(749368)

##### Well-known member
My parents switched carriers with 4 months left on the contract and got EFT \$160 a piece.

The panda has spoken

#### centerwaters

##### Well-known member
My parents switched carriers with 4 months left on the contract and got EFT \$160 a piece.

The panda has spoken

Now that's just freaky... I'm having Panda Express for dinner tonight.
I just put my food on my table and opened up this thread. Guess I
should really listen to the Panda.

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