Nicolas has $650 to deposit into two different savings accounts. 1) Nicolas will deposit $400 into Account 1, which earns 3.5% annual simple interest.
2) Nicolas will deposit $250 into Account 2, which earns 3.5% interest compounded annually.
Nicolas will not make any additional deposits or withdrawals. Which amount is closest to the total balance of these two accounts at the end of 2 years?

$694.51

$695.81

$694.25

$672.13