Do I need to upgrade my system in order to do Android Development?

Please tell me how to update my computer hardware or software.

I am just starting on this journey to develop Android Apps using Android studio.

While running the Android Studio Setup Wizard, it concluded with this error:

Unable to install Intel HAXM
Unknown Error
Please file a bug against Android Studio.

Please help, advise or offer suggestions.

I have been told that this error is because my computer is old or that Virtualization Technology was not enabled. I checked Virtualization Technology and found it is enabled.

Here is the information I have. And it seems that VT is Eables. So, what is next? Please advise.

Device name DESKTOP-EV0ANNJ
Processor Intel(R) Core(TM) i5-4690K CPU @ 3.50GHz 3.50 GHz
Installed RAM 16.0 GB
System type 64-bit operating system, x64-based processor
Pen and touch No pen or touch input is available for this display
Edition Windows 10 Home
Version 21H2
Installed on 3/2/?2021
OS build 19044.1586
Experience Windows Feature Experience Pack 120.2212.4170.0

https://androidforums.com/attachments/upload_2022-4-10_23-57-46-png.162268/
https://i.stack.imgur.com/ZwR8O.png