Your method of capturing the audio is correct, but there are a number of products which will convert your wav file to mp3.Originally Posted by weasrock
The most common use the lame product, but that's a command-line tool so you will probably want to find a windows product which uses the lame plug-in. If you get the k-lite codec pack (full version) you'll find a front end and plug-in which should do the job for you.
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