It CAN be done but given the age of those versions, might be very difficult.  It is a matter of keeping the two versions of the libraries and main program separate.  MS changed the folder structure they used when they stored the libraries a while ago so that separate version libraries could be kept separate and remain that way, but the change occurred after those versions, if I recall correctly.
There is also the issue that if the two versions co-existed on the same machine, the Windows File Type Association could only point to one of them. Which means you could not launch the apps the same way.  One of them you could just double-click but the other would have to be opened by first opening the correct Access version and then, from inside Access, browse for / select the correct .MDB file.
Given the difficulty level and remembering your proclaimed skill level, I would say that it might be beyond your ability  for those specific versions that are older than the folder structure change I mentioned.