Need to reformat inherited iMac
I have just inherited an older iMac from a relative who recently passed away, with 700 MHz processor, and am unsure of the rest of the specs on the machine. This would actually be the first Mac that I have used. My initial concern is that all I've got is the Retail version of Tiger that was used to upgrade the machine from Panther. It's a single DVD, though the computer itself only has a CD tray, it came along with an external DVD drive which I believe is USB. I'm wanting to do a new install of Tiger just to over-write the previous stuff on the machine, but she has a security password required for software installations that was not written down before she passed away. My primary question is whether or not it's possible to bypass that password to install the OS, as I'm fairly certain I won;t be able to boot from the DVD given that it's only readable from a USB connected external DVD drive. Any tips or suggestions would be greatly appreciated here, thanks in advance!
iMac, Mac OS X (10.4)