I am having he same error as his post but I am on Windows 10 v1607 with 16 GB of RAM. I have uninstall, reinstalled(both multiple times). I have also tried a plethora of other solutions for this error type to no avail.
In Win 10 you can right click on the install icon and install for all users. Sometimes it is a permission problem. In Win 11 they changed when you right click the installer the option is to run as administrator.
Is there a specific reason it would need to be installed by a new Admin user?
I uninstalled and reinstalled Visual C++ and my laptop has MSVCP140.dll this did not work
I even wiped my laptop to ensure there were no conflicts with other programs potentially and still the issue persists(all windows updates are installed).