"mbps" is a meaningless abbreviation. You need to consistently and correctly use capital letters when communicating technical terms. You cannot "e e cummings" your way into effective writing.
500 megabits per second works out to 5.4 terabytes per day. No idea where you get 1.5, unless you were thinking of 500Mb/hour!
60 × 60 × 24 × 500 × 1000000 ÷ 8