I'm receiving an api-ms-win-crt-runtime-l1-1-0.dll error. How do I fix this?

The problem is that the KB2999226 (Universal CRT) which is part of the Visual C++ Redistributable for Visual Studio 2015 failed to install.  Here is how to fix it:

1. Install Windows Updates:

   • Go to Start - Control Panel - Windows Update
   • Check for updates
   • Install all available updates.
   • After the updates are installed, restart your computer.
   • After the restart repeat the steps above again until no more updates are available.

2. Download the Visual C++ Redistributable:

   • For Windows 64-bit
     Visual C++ Redistributable for Visual Studio 2017 (64-bit)

   • For Windows 32-bit
     Visual C++ Redistributable for Visual Studio 2017 (32-bit)

3. Run the vcredist_x64.exe (64-bit) or vcredist_x86.exe (32-bit) and select Uninstall

4. Run the .exe again and select Install

Special thanks to SmartFTP for the solution.