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Headphone or Speaker Monitors?

I currently have a (very humble) home studio with a few synths, and i was thinking the next addition i should make.. Monitors seem to be one of the top things i want.. I would prefer headphone monitors only because i would be able to do more production at times when people don't want to be disturbed. This isn't a huge preference though, only little (hehe)..

Monitoring with built in iMac speakers?

We can land a man on the Moon but is it possible to monitor my playback through the speakers on my iMac? I'm using a MOTU 828 with AudioDesk on an iMac 600. Guaranteed good karma will come your way if you help me out here.
Ideally I know I should get a pair of active monitors- just not prepared to lay down that much cash just yet.