I put it in a half bag of rice for 8 hours which of course didn't help my situation but when I got home I put in a bag full of rice, for about 12 hours. This morning when I woke up I turned it on to see if there was any improvement but they are little specks in the water damage, so I turned it back off and left it. How long should I leave it in there? Any Tips- (P.S. I would prefer not to disassemble it, or vacuum, and much less spend money because the phone is still semi-new.)

I think it'd survive. Mine iphone 3gs dropped in a bucket of water too. Everything works fine after a bit of a shake to get the water out of the speakers. Still functions perfectly without a glitch.

The damage occurs when the water hits any live systems in your phone (water+electricity=bad) so the damage that is already done is irreversible.

To prevent any further damage, leave your phone switched off, take off any bump protectors/cases, wipe the phone with a dry microfibre cloth and leave it buried in a sealed container of rice for at least 48 more hours. Ignore the temptation to switch it on again before the phone has fully dried out.

As soon as you turn a water damaged device on you fry the main board. It should not have been turned on for at least 72 hours when it has been in a warm place drying out.

You will need a new phone as you have destroyed your old one.

None. No one is going to risk smashing up their bottled-in-bond. Yayuh.