Can I install TT Business on the same computer that has TT Premier installed and use both independently?

I saw there was a previous question about this several years ago, but some of the answers make is sound questionable.  I have been using TT Premier for several years on this computer and need to install TT Business. Before I purchase TT Business I need to make sure I can use both programs without them opening or corrupting each other's files. If this is possible please include specific instructions on how the TT Business install should be completed so both programs can run independently.  Thank you.