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Yes - you can actually install them all right away. Each time you redeem a new code, it asks you if you want to "Extend your current subscription" or "Begin a new subscription". If you choose to extend, it will move that expiration out by 1 year from the current expiration date, not from the actual day you do it. So the first one you install will cover you until Nov/Dec of 2021. The next one will move the date to the same day in 2022. And then the next one will extend to 2023.
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