I've searched the web based on your information and found out that the version you have is compatible with the following versions of Windows operating systems: Windows 98, Windows Me, Windows 2000, Windows XP.
As you can see, it only supports older versions of Windows. The issue you're having is related to compatibility with newer operating systems, because I don't think you're using an older Windows version. The CD won't install because of this reason.
You can obtain a new and updated version through the following link: http://www.broderbund.com/p-860-printmaster-v7-platinum.aspx