How much will an iPhone 5 cost a month with Verizon approximately?

I want an iPhone 5 really badly, but my dad says the call and internet rate will be too much, but he's never had an iPhone 5 before so he doesn't really know. Does anyone have Verizon and an iPhone, and can you tell me how much it will cost?

About $40 a month as a base. I give my parents money every month which helped them b convinced.

Unlimited calling & texting is $90, and $30 for data plan.
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