Given the complex number $z = 3 + 4i$, calculate the magnitude of $z$ and then express $z$ in polar form. The magnitude of a complex number $a + bi$ is calculated using the formula:
$$|z| = ext{sqrt}(a^2 + b^2)$$
Once you find the magnitude, the polar form is represented as:
$$z = r( ext{cos} \theta + i \sin \theta)$$
where $r$ is the magnitude you found and $\theta$ is the argument of the complex number, given by:
$$\theta = \tan^{-1}\left(\frac{b}{a}\right)$$
What is the polar form of the complex number $z$?