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I received the following email.

Dear Janene Joubert,On 05/07/2020, we attempted to charge you for your 50 GB iCloud storage plan, but there is a problem with your payment information.Your account will be downgraded to the free 5 GB storage plan if we cannot successfully renew your subscription.Follow the instructions below to update your billing information:

1.Go to Settings > [your name] > iTunes & App Store.

2.Tap your Apple ID, then tap View Apple ID. You might be asked to sign in.

3.Tap Manage Payments (if you are using an older version of iOS, tap Payment Information) and follow the prompts.

You can also update payment information from a Mac or PC.The iCloud Team

I want to know how much I will be billed for 50GB?

Thank you