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EC2 Reserved Instances is an additional pricing offering from Amazon which can help you reduce computing costs by paying a one-time payment to reserve compute capacity at a lower pricing rate. Reserved Instances are valid for one year from the time of purchase. When purchasing a Reserved Instance, you must select a specific availability zone and instance type. You must have 'admin' role privileges on a non-subaccount RightScale account to view and purchase Reserved Instances.
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See Amazon for more information.
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