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Depending on the domain extension (top-level domain), domains may be registered for different numbers of years at the same time. When you register a domain, you are entitled to use it for the period of registration, and will have control of where the domain "resolves" (i.e. the IP address to which it points).
The Domainmonster.com domain registration service offers great discounts for bulk purchases of domain names. The more domains you register, the cheaper they will be! See our price list for more details.