Is there a way to do it with the TI BA II, as opposed to discounting each CF based on its respective spot rate that year? It just seems to be way too time consuming if we’re dealing with a great number of years.
Yes, it is time consuming. This is why they probably won’t put a question with many years on the real test. The committee that designs the tests pays a lot of attention to the amount of time a question takes to answer. They may have a few questions that take more than 90 seconds, but they would be particularly difficult questions.