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Spot instances

You are working as an analytics consultant. You run nightly ETL jobs every night between 12am-4am. You are using a large EC2 virtual machine with on-demand pricing which costs $5,000/month. An external cloud consultant interviewed you and understood that the machine can be turned off outside the ETL loading time window.

Can you estimate the approximate cost savings per month if you were to schedule the machine to turn ON during the active ETL loading window and turn it OFF at all other times?

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