Is There A Free Software To Convert Music Stored In Audio Cassettes And Lp Records To Mp3 Format? | All About Money Online

I am looking for a software that will pick the output from the cassette player or Gramaphone record player into the computer through the audio cable and save it in MP3 format. A solution that has zero investment on additional hardware inside the computer for the purpose will be highly appreciated.
I have a priceless collection on audio cassettes. With audio cassette players and cassettes becoming obsolete, it is high time that I preserve this in some other format.

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