Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
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You need to determine whether the renewal was applied to the same Microsoft account you're currently signed into. Go and sign in https://account.microsoft.com/services?
Look for Microsoft 365 Personal in the list.(you can also search (renewal receipt email).w If you cannot see anything related to you renewal you might be using a different Microsoft account. Try signing in with any other email addresses you may have used when purchasing or renewing the subscription.