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Today, we will compare the newly released Microsoft Office 2021 to Microsoft 365. Office 2021 offers a one-time fee with a perpetual license, while 365 involves a subscription. The main differences are price and features. Office 2021 has two versions: Home and Student, which costs $150 and includes Word, Excel, PowerPoint, OneNote, and Microsoft Teams. There are no recurring fees with Office 2021, making it a great option for long-term use.