How do I show, using only basic methods, that a product
$$a_n=(1+{1 \over 2}) \cdot (1+{1 \over 4}) \cdot ... \cdot(1+{1 \over 2^n})$$
converges?
I know, that $a_1 = {3\over2}$, and that $a_{n+1} = a_n \cdot (1+ {1 \over 2^{n+1}})$.
Going further:
$$ {{a_{n+1}}\over{a_n}} = 1+ {1 \over 2^{n+1}} > 1$$
Now I can prove by induction, that $a_n$ is monotonically increasing, and is greater than one.
Now, I want to prove, that $a_n$ is convergent. How can I do this? I can't seem to find any sequence greater than $a_n$ with a limit other than + infinity.
Edit
Following @Barry Cipra comment, i tried taking $ln(a_n)$, so:
$$ ln(a_n) = ln((1+{1 \over 2}) \cdot (1+{1 \over 4}) \cdot ... \cdot(1+{1 \over 2^n}))$$
$$ ln(a_n) = ln(1+{1 \over 2}) + ln(1+{1 \over 4}) + ... +ln(1+{1 \over 2^n})$$
$$ ln(a_n) < 1+{1 \over 2}+1+ {1 \over 4}+...+1+{1 \over 2^n} = n +1$$
$$ ln(a_n) < n+1 $$
$$ a_n < e^{n+1} $$
But I still don't know how this gets me any closer to the answer