Final answer:
EC2 Spot instance payment provides pay-as-you-go pricing without upfront fees and short-term access to unused EC2 capacity at lower costs.
Step-by-step explanation:
The EC2 Spot instance payment provides:
- Pay-as-you-go pricing without upfront fees: With Spot instances, you only pay for the compute capacity you use, and there are no upfront fees or long-term commitments.
- Prepaid capacity with reduced hourly rates: This option is not provided by EC2 Spot instance payment.
- Discounted rates in exchange for utilization commitments: This option is not provided by EC2 Spot instance payment.
- Short-term access to unused EC2 capacity at lower costs: EC2 Spot instances offer short-term access to unused EC2 capacity at lower costs than On-Demand instances.