Prove using induction $$\prod_{i=1}^n (1-2^{-i}) ≥ \frac{1}{4} + 2^{-(n+1)}$$ for all n∈N
My answer so far:
base case: n = 1. P(1) = $$(1-2^{-1}) = \frac{1}{2} ≥ \frac{1}{4} + 2^{-(1+1)} $$ so it holds.
induction hypothesis: Assume P(k): $$\prod_{i=1}^k (1-2^{-i}) ≥ \frac{1}{4} + 2^{-(k+1)}$$
induction step:
$$\prod_{i=1}^{k+1} (1-2^{-i}) = (1-2^{-(k+1)})\cdot\prod_{i=1}^k (1-2^{-i}) $$
$$ ≥ (1-2^{-(k+1)})\cdot(\frac{1}{4} + 2^{-(k+1)})$$
I don't know where to go from here. I tried expanding to pull out the right inequality but can't seem to get it. Any help would be appreciated.
\begin{align} (1-2^{-(k+1)})(2^{-2}+2^{-(k+1)}) &= 2^{-2}+2^{-(k+1)}-2^{-2}2^{-(k+1)}-2^{-2(k+1)}\\ &= 2^{-2}+2^{-(k+1)}(1-2^{-2}-2^{-(k+1)})\\ &\geq 2^{-2}+2^{-(k+1)}(1-2^{-2}-2^{-2})\\ &= 2^{-2}+2^{-(k+2)} \end{align}