washing machine won't spin the water out it

It spins slowly and not fast so the clothes are soaken and wet. My e-mail is jgosch1@tampabay.rr.com

We need the model number to help.

model 721.80523500 is about 4 years old and it started making a popping noise and then there’s a buzzing noise and a funny smell with light smoke.
It is still working but the above just started happening.

Help!!!