* This is the average monthly payment over the course of the Reserved Instance term. This takes the total cost of the Reserved Instance over the entire term, including any upfront payment, and spreads it out over each hour of the Reserved Instance term. The effective hourly price shows the amortized hourly instance cost. When you purchase a Reserved Instance, you are billed for every hour during the entire Reserved Instance term you select, regardless of whether the instance is running. ** Effective hourly pricing helps you calculate the amount of money a Reserved Instance will save you over on-demand pricing. The hourly usage rate is equivalent to the total average monthly payments over the term of the Reserved Instance divided by the total number of hours (based on a 365-day year) over the term of the Reserved Instance.
For each month, the actual monthly payment will equal the actual number of hours in that month multiplied by the hourly usage rate or number of seconds in that month, multiplied by the hourly usage rate, divided by 3600, depending on the Amazon RDS for Oracle instance type you run.
#AMAZON AWS PRICING CALCULATOR LICENSE#
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