You've got two choices as already explained:
1) Pay $150 for MS Office
2) Download Open Office
Personally, I feel MS Office is worth the $150. It's not worth the $400 full retail. I don't mind paying for software but the $150-200 is my limit.
As a heads up, MS is selling "Student / Teacher" versions of Office for the $150. I've gotten them at retail outlets with no questions asked. The license allows an install on 3 PCs - not bad if you need the MS product.
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