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A company has an application that uses Amazon Elastic File System (Amazon EFS) to store data. The files are 1 GB in size or larger and are accessed often only for the first few days after creation. The application data is shared across a cluster of Linux servers. The company wants to reduce storage costs tor the application. What should a solutions architect do to meet these requirements?
Scheduled Payments
Pre-determined payments made at regular intervals, such as monthly mortgage or loan payments.
Compounded Quarterly
Interest calculation method where the interest earned is added to the principal every quarter, increasing the amount on which subsequent interest is calculated.
Small Claims Court
A court that deals with minor legal disputes involving small monetary amounts.
Compounded Monthly
This is the calculation of interest on an investment or savings where the interest earned each month is added to the principal, thereby increasing the amount on which future interest is calculated.
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