Several versions / conflict?

I have
2019 (keeping it has helped me in moments where 2021 was acting up - I have posted about it)
2021
recently 2022, but prudently I did not activate the (legitimate, purchased) licence yet.

Apparently, one can only have 1 licence
but does the most recent licence (2022) cover former versions
and can there be interferences between the installations?

If confident with 2022, I can suppress 2019 and keep 2021 as the fallback installation.

NB: My current machine runs Windows 7.
Is it somewhat/highly advisable to fully install 2022 only on Win 10/11? (I am considering getting a new computer.

Thanks

JF

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