As has been mentioned..... slowing a wave/MP3 is not an easy thing to do...AND have it sound right after the conversion.
Cake (I think some versions) and some other programs have a time stretcher/shrinker in them.... I know Cake does, because in an earlier version I had, they had installed a function that allowed you to stretch voice over (or shrink) to fit a commercial spot.
these stretchers tend to work best when you are making very small conversions, and on spoken word as opposed to music. For example to shrink a 32 second voice over to 29.5 seconds for a commercial radio spot, you will likely not have or hear any problems.
As Greg said.... record the songs at the speed you need.
That applies to audio... however....
if you are working with midi tracks.... a totally different story. Simply highlight the entire song...change the BPM in the top tool bar and presto.... you're done......same song, new speed, everything works perfect...... as long as there are NO audio tracks.