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Yes, that's the figure you'll get if you set the interest rate to 0 in the "Amortization period" section (and set the time period to 36 months). By default, we
by snewman 13y ago
Yes, that's the figure you'll get if you set the interest rate to 0 in the "Amortization period" section (and set the time period to 36 months).
By default, we assume a 10% cost-of-capital, which leads to the $706/month figure you see otherwise for cr1.8xlarge over 36 months. The difference reflects the fact that, all other things being equal, paying a lump sum up front is generally less desirable than month-to-month payments. You can adjust the interest rate parameter according to your situation.