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What are the benefits of AWS Reserved Instances?

An example of an AI chatbot conversation about AWS Reserved Instances benefits.

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You

What are the benefits of AWS Reserved Instances?

MagicBuddy
MagicBuddy

AWS Reserved Instances offer significant cost savings, predictable pricing, and capacity reservation for your applications.

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You

How much can I save with Reserved Instances compared to On-Demand pricing?

MagicBuddy
MagicBuddy

You can save up to 75% compared to On-Demand pricing, depending on the instance type and term length.

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You

Are there different types of Reserved Instances?

MagicBuddy
MagicBuddy

Yes, there are three types: Standard, Convertible, and Scheduled Reserved Instances, each with unique benefits.

😀
You

Can I change my Reserved Instance type after purchasing?

MagicBuddy
MagicBuddy

With Convertible Reserved Instances, you can change the instance type, operating system, or tenancy during the term.

😀
You

What happens if I don't use my Reserved Instances?

MagicBuddy
MagicBuddy

If you don't use them, you still pay for the Reserved Instances, as they are billed regardless of usage.

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