Sinking Fund [2933]

An apartment owner will need to replace the HVAC in 6 years and replace it again 15 years later. The cost is estimated at $300,000.  How much will the appraiser charge to the sinking fund in each year of a 10-year discounted cash flow analysis?  Assume 8% interest.

The property owner will have to save $40,895 for the first six years and $11,049 for the next 15 years which includes the last four years of the appraiser's analysis.