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Sure, you can renew MS Office 365 for $130/yr. You can also install LibreOffice for free, donate $30 to the nice volunteers developing it, and still have $100 extra left over for groceries.
www.libreoffice.orgHome | LibreOffice - Free and private office suite - Based on OpenOffice - Compatible with MicrosoftFree office suite – the evolution of OpenOffice. Compatible with Microsoft .doc, .docx, .xls, .xlsx, .ppt, .pptx. Updated regularly, community powered.