Offer 1: 3.99% annual simple interest, with a total account balance of $84,975 after a 40-month term Offer 2: 2.5% annual interest compounded monthly for a 70-month term Assuming no payments are made, what is the difference in the account balances at the end of the loan terms. Round your answer to the nearest penny.

$1,787.09 $1,949.47 $2,148.97 $2,357.20