Apple's online store is currently offering the 20-inch iMac with 2.4GHz processor and 1GB of RAM -refurbished (model no. MA877LL/A) for $1049 which is $450 off the original price of $1499 and the lowest price we could find on this item. Shipping is FREE and sales tax applies for residents in most states.

The 20-inch iMac has a 2.4GHz Intel Core 2 Duo processor, 1GB of memory and a 320GB hard drive. Built-in featuers include AirPort extreme wireless, Bluetooth, iSight webcam, microphone and 8x SuperDrive. Mac OS x 10.5 Leopard is pre-installed. Included are an Apple USB keyboard and Mighty Mouse. It is backed by Apple's standard one year warranty on parts and labor. Dimensions: (H) 20.5" x (W) 22.4" x (D) 8.1" ; weight 25.4lbs.