You might check the requirements
- patch for Win installed?
- Microsoft .net stuff installed?
FMI does not list any Home edition for FMP16.
User have stated that it will run with Windows 10 Home edition.
The Visual Studio C++ Libraries may be install on your computer from another software package and may be corrupt. I would suggest uninstalling if it is on your computer, then reboot computer, then try to reinstall FM. If it still fails I would try to download the Visual Studio C++Libraries from Microsoft's website, install the standalone library, then try to install FMP. If it still fails you may have to upgrade your Operating System.