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SharePoint online vs on-premises - storage cost!

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Hello-

I am evaluating the pros and cons of building an on-premises SharePoint 2013 solution vs using SharePoint Online / Office 365.  I have compared the feature set between the two and suspect Office 365 will fulfill my needs.  My main concern is storage cost.  I have around 3TB of data that I would like to place in Office 365.  This includes Word, Excel, PDF, and numerous jpg images.

It looks to me that I would be paying around $614.40 for "additional storage" on a monthly basis.  I have 50 users, so I figure the included storage would be 35GB.  10GB + (50 users * 500MB).

Am I correct in my math?

Thanks


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