How much does an iPhone 4S contract value at?

So I'm old enough to buy a phone, and I want to get the iPhone 4S which values at $199 with a contract, and without the contract It's estimated about $700. Can someone tell me how much the contract cost, I mean not like you buy the contract, but how much you pay for the contract?

Please no suggestions saying ''dude get the android its better''.

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