In addition to what @browj2 has told you, you need to be aware that automatic cancellation of any Magix subscription contract is almost certain to not happen.
As John implies, it is wholly up to the user to initiate the cancellation, which can take 28 days to become effective. In other words, any cancellation may not take effect until 28 days from the date on which Magix receives the users' notice of intention to cancel.
If a further payment becomes due before those 28 days have passed, that payment will be due and will be taken.