A homeowner is financing the cost of new windows. Two lenders have approved the homeowner for a $12,000 loan. The terms of each loan are:

Offer 1: 4.5% annual simple interest, with a total account balance of $14,430 after a 54-month term
Offer 2: 3.75% annual interest compounded monthly for a 66-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.

$204.88
$313.98
$767.12
$795.34