A. A bank is offering a 5-year certificate of deposit (CD) that pays 3.4% APR compounded annually. If you invest $1000 into this CD, it will mature with a value of $_________ .

B. If the CD instead offered a rate of 3.4% APR compounded monthly, the $1000 CD will mature with a value of $__________ .

(Round to the nearest whole dollar. Do not include '$' signs. For example, if actual solution is $5,343.24, then enter 5,343 in box)