An advertising company is purchasing a new industrial-sized color printer. The company has been approved for a $75,000 loan at two different banks. The terms of each loan are: Offer 1: 4.99% annual simple interest, with a total account balance of $91,529.38 after a 53-month term Offer 2: 3.5% annual interest compounded monthly for a 62-month term Assuming no payments are made, what is the difference in the account balances at the end of the loan terms. Round Round your answer to the nearest penny. $1,624.49 $1,686.87 $1,894.02 $2,207.67