can i transfer this software to a new computer

i want to purchase this microsoft office home & Student 2016 for mac and install on my imac. BUT, I am considering buying a new imac at end of summer. Can I use this purchase again to install on the new computer or once i install to this current imac I am out of luck?

Thank you

Microsoft Office Home & Student 2016 for Mac

Microsoft Office Home & Student 2016 for Mac

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