Adorama offers the previous generation Apple 21-inch iMac 1.6GHz/8GB/1TB for $749 shipped. If you don’t mind a rebate, you can save an extra $50 bringing the price down to $699. For comparison, it had a list price of $1,099 and our previous mention was $840 in refurbished condition. Apple charges $1,099 for the current-gen model that is nearly identical aside from an upgraded processor. This iMac is ideal for education, students or perhaps a grandparent.