Go to www.goldwave.com and download the latest version. Get the older free one at this page:
www.goldwave.com/release.php Under Installation Notes you will see a place to click to get v. 4.26
Also, you need an mp3 decoder, download, from further down the same page, under where it says Optional Downloads, the Lame endoder. Follow the directions for installation of Lame. This allows you to convert *.wav files to *.mp3 files.
So, what you will do is, plug in the CD and let your default player open (Winamp, whatever). Hit the stop button, but leave it open.
Open Goldwave, and get it ready to record. Be aware, there are places to set levels, record times (chose a record time slightly longer than the duration of the tune), etc. Unlike tape, you do not want to exceed the max level, in digital that causes mucho distortion.
Start recording with Goldwave, hit the Play button on your computer's CD player program. When it is finished recording, you will Save As, and instead of saving as a *.wav file, type in the name of the track, and you will "Save as type", and chose "MPEG audio (*.mp3)" from the drop down, and in File Attributes, chose, Layer 3, 22050hz, Stereo, 64 kbps (for the best quality sound). Now save it. Do the next track and the next. When done, you should end up with a folder of MP3's.
You can also "normalize" before saving. This feature will go through, find the peak volume, and then reset the entire thing track to have a certain average level. You should to this to all tracks. This keeps you from having one CD, or some tracks so quiet you have to crank up the volume to hear them, then the next track, or CD, blows your eardrums out. This feature gives a suitable volume to all tracks.
You can also do some neat editing, such as fade outs, trimming the beginning or the end, copy and paste, and check this out...
You can run a cable from your stereo Line Out, down to a 1/8" stereo plug (like on walkman earphones) to the Line In of your computer's sound card. Then in Gold Wave, chose the Line In as your source. Now, put on that favorite old LP, and record that. Once done, run the Pop/Click filter. Yep, it will clean up most of that old record noise, and give you sometimes a near CD quality recording. A great way to archive those old LP's that will never come out in CD.
I hope this is what you needed to know.