Office home & business 2016 for mac vs office home & student 2016 for mac

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However, It is intended to live and die on the initial computer on which it is installed.

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This is a one time fee for a single perpetual license, you will not have to pay any subscription fees. Is this a one time charge? or a subscription that I have to renew? Compare main features of Home & Student, Home & Business, Standard and Professional editions